Redrow PLC Directorate Change (2837Y)
12 Mayo 2021 - 1:00AM
UK Regulatory
TIDMRDW
RNS Number : 2837Y
Redrow PLC
12 May 2021
12 May 2021
Redrow plc
Richard Akers to succeed John Tutte as Non-Executive Chair
Redrow plc announces that it has agreed to appoint Richard Akers
as its new Non -- Executive Chair of the Board of Redrow plc ('the
Company'). Richard will join the Board as Chair -- Designate and as
an independent Non-Executive Director on 1 June 2021. Richard will
work closely with John Tutte during a handover period and Richard
will assume the role of Chair following the announcement of the
Company's 2021 Full Year Results on 15(th) September 2021, at which
time John will stand down from the Board.
John was appointed as Chairman of the Board on 1(st) April 2019
following the retirement from the business of Steve Morgan, the
Company's founder. As announced on 5(th) February 2020 the Company
confirmed that it was the intention of John to retire from the
Board ahead of the 2021 AGM and in its 2020 Annual Report, it
reported that it had commenced a search for a new Chair, led by
Nick Hewson, the Senior Independent Director.
Richard Akers has a career background in property and land
acquisition, having spent his entire career in the industry,
latterly as a Main Board Director of Land Securities plc, the UK's
largest commercial property company. Since retiring in 2014 from
Land Securities plc he has held a number of Non-executive
roles.
Richard currently holds independent non-executive roles at Unite
Group plc and Shaftesbury plc where he is Senior Independent
Director, and until recently having completed nine years, held a
non-executive role at Barratt Developments plc, as a non-executive
director, the Senior Independent Director, Chair, Remuneration
& Safety, Health & Environment Committees & Workforce
Engagement Director.
Nick Hewson, Senior Independent Director, said "On behalf of the
Board, I would like firstly to thank John for his outstanding
commitment and dedication to Redrow over nearly twenty years as
Regional Chairman, Chief Executive and latterly as Chair. We wish
him all the very best for the future.
Following a comprehensive recruitment process, I am delighted to
announce the appointment of Richard Akers, who will succeed John as
Chair in September 2021. The Company will benefit from his industry
and commercial experience which he has gained over a long career
and also through his various non-executive roles. It is a pleasure
for us all to welcome Richard to Redrow and we look forward to
working with him."
John Tutte, Chair, said "It has been both an honour and
privilege to work for this great company and serve on the Board for
approaching twenty years. It is now the right time for me to step
down with the business in excellent shape with a clear strategy,
strong leadership team and a sound platform in place to continue to
take the Company forward. I would like to take this opportunity to
thank all of my Board colleagues, the Senior Executive Team and all
of our employees across the whole business for their dedication,
loyalty and hard work which has underpinned our success."
Richard Akers said "I am delighted to be joining the Board of
Redrow and very much look forward to working with the Board and the
wider team in order to continue to deliver on the Company's strong
track record of developing high quality homes in thriving
communities."
As well as his role as a non-executive Director and Chair
Designate, Richard will also serve on the Nomination Committee
(which he will Chair in due course), and the Remuneration Committee
of the Board.
This announcement is made in accordance with Listing Rule
9.6.11.
There are no further disclosures to be made pursuant to Listing
Rule 9.6.13 in respect of Richard Akers' appointment.
Redrow plc
John Tutte, Chairman
Barbara Richmond, Group Finance 01244 527411
Director 01244 527411
Instinctif Partners 0207 457 2020
Mark Garraway 07771 860 938
Rosie Driscoll 07891 564 641
LEI Number:
2138008WJZBBA7EYEL28
Announcement Classification:
3.1: Additional regulated information required to be disclosed
under the laws of a Member State
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END
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