Business
Organisational changes to support future growth
Henry Boot PLC has announced organizational changes and promotions to enhance efficiency and drive future growth, including the creation of a Chief Operating Officer role filled by Steven Stacey, who will oversee central functions and join the Executive Committee. Ed Hutchinson will serve as Interim Managing Director of Stonebridge Homes while Hamer Boot takes on day-to-day leadership of HBD's Strategic Board, managing its £1.3bn pipeline. Jaimie Read has been promoted to Company Secretary, reporting to the CFO, as part of these strategic adjustments aimed at strengthening the group's agility and responsiveness. Disclaimer*
About this update from Henry Boot Plc
[{"type":"text","content":"\n\nHenry Boot announces organisational changes to support future growth\n \nHenry Boot announces today that it has made a number of promotions and organisational changes in line with its ongoing commitment to further enhancing efficiency and driving improved operational performance.\n \nIn March, the group commenced a Future Ways of Working (FWoW) programme, designed to drive growth by harnessing closer working relationships, aligning working practises and leveraging synergies. The sale of Henry Boot Construction, announced in September, was a key step in simplifying the group's structure and increasing our focus on high quality land, prime property development and premium homes. Through FWoW we aim to strengthen the group's agility, resilience and responsiveness whilst efficiently managing the cost base and improving the sharing of expertise and resources between Henry Boot's businesses. To progress this further, we have taken the decision to reshape some group functions and refresh the Executive Committee (Exco).\n \nTo this end the group is pleased to announce the promotion of Steven Stacey to the newly created role of Chief Operating Officer (COO), where his focus will be on helping drive efficiency, collaboration and alignment across the group, while being responsible for Henry Boot's central functions of Legal, IT, Marketing and Risk. Steven has been with the group for almost nine years, most recently as Henry Boot's Group Finance Director where he reported directly to CFO, Darren Littlewood. In this new role Steven will also join the group's Exco and report directly to CEO, Tim Roberts.\n \nAt Stonebridge Homes (SBH) Steve Errington has stepped down as Managing Director and will be leaving the business immediately. Whilst the search for a permanent replacement is already underway, Ed Hutchinson, currently Managing Director of HBD and Exco member, will serve as Interim Managing Director of SBH. In this role he will continue to progress the integration of SBH into the group through the FWoW programme. Ed has successfully led HBD for the past seven years and has extensive expertise in building and construction processes, as well as land acquisition, planning and stakeholder engagement, including customers. He has overseen the successful delivery of a number of major residential developments f...