Galliford Try plc, the British housebuilding and construction group, yesterday announced that after four years on the Board, Ian Coull will step down as non-executive Chairman with immediate effect due to other business and personal commitments.
Following a review of roles and responsibilities on the Board, Greg Fitzgerald will assume the role of Executive Chairman for a period ending no later than December 2015. Greg will continue to fulfill his existing executive responsibilities and to ensure that the group's growth strategy is well executed, whilst helping the Nominations Committee in the recruitment of a new Chief Executive.
Peter Rogers, non-executive director and senior independent director, will assume the role of interim Deputy Chairman and will support Greg in his role; ensuring that the Group's governance remains strong. Peter Rogers was appointed to the Board in July 2008. He is currently senior independent director and is a member of the Remuneration, Nomination and Audit Committees.The Board will immediately commence a search for a new non-executive director.Ian Coull, Chairman, said:
"As a result of my growing business and personal commitments I have decided to step down as Chairman after just under four very enjoyable years at Galliford Try. I leave the business in very capable hands, and in an excellent financial position with a clear growth strategy."Peter Rogers, senior independent director, said:
"The Board is immensely grateful to Ian for his significant contribution to Galliford Try during an exciting period of growth for the Group. Whilst we are sad to see Ian leave we completely understand his reasons for going. The Board and I look forward to working with and supporting Greg."Greg Fitzgerald, Chief Executive, said:
"I would also like to extend my personal thanks to Ian for his excellent work as Chairman over the last four years. I look forward to working closely with the Board as we continue with the Group's strategy of growth across all our businesses, and focus on securing a strong chief executive."