Business
Directorate Change
Directorate Change.
About this update from Sutton Harbour Group Plc
[{"type":"text","content":"\n \nRNS Number : 5934C Sutton Harbour Holdings PLC 23 January 2018 \n\nFOR IMMEDIATE RELEASE\n23 January 2018\nSutton Harbour Holdings plc\nChanges to Board of Directors\nFollowing the closing of the Partial Offer by FB Investors LLP (\"FB Investors\") and as described in the joint announcement of 23 December 2017, Sutton Harbour Holdings plc (\"SHH\") announces that Philip Beinhaker has been appointed as non-executive Chairman of the Board of SHH, replacing its previous non-executive Chairman, Graham Miller. Graham will remain as a non-executive director of SHH alongside Sean Swales.\nAs previously set out, Philip is one of two individuals on the executive committee of FB Investors. He served as co-founding partner and CEO of IBI Group, a world-leading firm in architecture, engineering and project management from its formation in 1974 until 2004. In 2004, Philip Beinhaker led the company's flotation on the Toronto Stock Exchange and became the sole CEO and Chairman Director. In 2013, Philip Beinhaker retired from the position of CEO and then served as a senior director of IBI Group Management Partnership until 31 December 2017. He continues to lead some major projects on behalf of the firm.\nPhilip Beinhaker, through the Beinhaker group of companies has led numerous real estate developments as development manager, developer and principal throughout Canada, the United States, Israel, Germany and other locations.\nRobert De Barr has also resigned from the Board of SHH. As referred to in previous announcements, Robert will continue to provide consultancy services to SHH in connection with the development of Sugar House and in relation to certain other major real estate projects.\nPhilip Beinhaker, Chairman of SHH, commented: \"I am excited to become the new Chairman of SHH following completion of the Partial Offer and to work with the existing management team to enhance the value of the Company's assets for the benefit of shareholders and Plymouth. I am delighted that Graham will continue to serve as a director, as this will provide essential continuity, and that we are able to retain Robert as a special adviser.\"\n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSutton Harbour Holdings plcPhilip Beinhaker, Chairman\nJason Schofield, Chief Executive Officer\n \n\n\n01752 204 186\n\n\n\n\nArden Partner...