8th Nov 2023 10:22
(Alliance News) - Persimmon PLC on Wednesday announced its decision to hire Andrew Duxbury of Galliford Try Holdings PLC as its new chief financial officer, replacing Jason Windsor.
Galliford Try, an Uxbridge, England-based construction firm, said Duxbury has given notice of his resignation as its group finance director, although neither company has given the date at which his transition will become effective.
Galliford has commenced its search for Duxbury's successor, and said that during this process he "will remain focused on the delivery of the Group's performance and sustainable growth strategy as well as ensuring a smooth and effective transition of his roles and responsibilities."
York, England-based housebuilder Persimmon said that Chief Executive Dean Finch will continue to oversee its finance function on an interim basis until Duxbury joins the board.
Finch has been holding the fort since previous CFO Jason Windsor was poached by Edinburgh-based fund manager abrdn PLC in July, and left the company in early September.
Persimmon Chair Roger Devlin said Duxbury "has extensive experience as a finance director in the construction and housebuilding industry, which will be an invaluable asset to Persimmon as we continue to provide good quality homes for families across the UK and position the business for future growth."
Regarding his current employer, Duxbury said: "I will leave [Galliford Try] in an excellent position, with a strong balance sheet, an experienced finance and management team, and well placed to deliver further sustainable growth."
Persimmon shares were down 0.6% at 1,138.50 pence on Wednesday in London. Galliford Try shares were up 0.3% at 237.68p each.
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
PersimmonGalliford Try