24th Feb 2005 07:01
Galliford Try PLC24 February 2005 GALLIFORD TRY PLC DIRECTORATE CHANGES Galliford Try, the construction and housebuilding group, is pleased to announcethat Greg Fitzgerald has been appointed Chief executive with effect from 1 July2005. He succeeds David Calverley, who will become non-executive before takingup the position of Chairman in October 2005. Greg, aged 40, is currently Managing director of the Company's housebuildingdivision and has been responsible for its recent successful development. Hestarted his career in contracting with Midas Construction in the South West,became one of the founders of Midas Homes in 1992, and was managing director onits acquisition by Galliford Try in 1997. The Chairman, Tony Palmer, will retire at the Company's Annual General Meetingin October 2005, when David Calverley will be appointed Non-executive chairman.Chris Bucknall, currently the Senior independent non-executive director, willbecome Deputy chairman. The Board has given full consideration to the provisions of the New combinedcode in respect of the appointment of a new chairman and has decided that DavidCalverley is the right choice to lead the Board. He is a businessman with indepth experience of commercial and corporate activity, a thorough understandingof the industries in which the company operates and proven leadership skills. The company expects to announce shortly the appointment of a further Independentnon-executive director. Following these appointments, the Board will consist ofthree executive directors and four non-executive directors, three of whom willbe independent. Commenting, Chairman Tony Palmer said: "Greg Fitzgerald is an outstanding businessman with experience of bothconstruction and housebuilding who has the ability and drive to generateincreasing shareholder value. The Board is also delighted to retain DavidCalverley who brings to his new role a wealth of experience, not only fromwithin the business itself but through his wider skills as a leader in theindustries in which we operate. We have a first class team. These appointments enable us to build on ourmanagement strength to take the business into the future." Further enquiries please contact: H A Palmer, Chairman Galliford Try plc 01895 855226D M Calverley, Chief executive Galliford Try plc 01895 855219A M Wilkinson Bell Pottinger Financial 020 7861 3232G Callow Bell Pottinger Financial 020 7861 3232 Biographies Tony PalmerTony Palmer has been Chairman of the company since 1999. Formerly Chiefexecutive of Taylor Woodrow, he is the Senior independent non-executive directorof the Berkeley Group plc. Aged 67 David CalverleyDavid Calverley, aged 63, was appointed Chief executive of Galliford Try in2000, having been Chief executive of Try Group plc from 1995. He was previouslya Director of Trafalgar House plc. Greg FitzgeraldGreg Fitzgerald, aged 40, commenced his career in the industry with MidasConstruction in the West Country. He was one of the founders of Midas Homes whenit was established in 1992, later becoming its Managing director and thenChairman following its acquisition by Galliford Try in 1997. He joined theGalliford Try plc Board in July 2003 on his appointment as Managing director ofthe housebuilding division. Chris BucknallCurrently the company's Senior independent director, Chris Bucknall is anExecutive board director and Group chief executive, Commercial Services ofCompass Group plc. Previously he was Director of operations at Coca-Cola, andChief executive of Norwest Holst. He is 55. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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