Appointment of Chief Financial Officer

RNS Number : 4892Q

Barratt Developments PLC

17 June 2015

 

Barratt Developments PLC

Appointment of Chief Financial Officer

Barratt Developments PLC ('Barratt') announces that Neil Cooper will join the Board of Barratt as an Executive Director in the capacity of Chief Financial Officer ('CFO').

Neil is currently Group Finance Director of William Hill PLC ('William Hill') and was Group Finance Director of Bovis Homes Group PLC ('Bovis Homes') from 2007 until 2010.  Prior to that he worked for eight years with Whitbread PLC in finance roles across a range of businesses. Neil qualified as a Management Accountant with Reckitt & Colman PLC (now Reckitt Benckiser Group PLC) before working as a consultant for PricewaterhouseCoopers' management consultancy practice.  He is a non-executive director of Pennon Group PLC.

Neil Cooper will join Barratt when he has fulfilled his contractual obligations to his existing employer at a date to be confirmed.

John Allan, Chairman of Barratt, said: "I am delighted that we are appointing someone of Neil's outstanding calibre and experience to the board as CFO in succession to David who steps up to the role of CEO on 01 July 2015."

Chief Executive (Designate) David Thomas said: "Neil has a strong CFO track record as well as a good knowledge of the house building sector.  He has been a key part of shaping the direction of Bovis Homes and William Hill and is an exceptional appointment for Barratt; I am confident that he will add real value to our business."

The following information is required to be disclosed pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority. Mr Cooper holds the following directorships in a publicly quoted company in the previous five years:

•          William Hill PLC: 10 May 2010 to current

•          Pennon Group PLC: 1 September 2014 to current

There is no other additional information which is required to be disclosed pursuant to paragraph LR9.6.13R.

For further information contact:

Patrick Law                                                      0207 299 4892

Group Corporate Affairs Director

Date of notification: 18 June 2015

 

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