Appointment of new Finance Director

RNS Number : 3103I

Quintain Estates & Development PLC

24 July 2012

 



Quintain Estates and Development Plc

July 24 2012

Quintain Estates & Development plc

Appointment of new Finance Director

Quintain announces today that Richard Stearn has been promoted to Finance Director with immediate effect. Richard, who joined Quintain in January as Deputy Finance Director takes over the role from Rebecca Worthington, who was promoted to Deputy Chief Executive at the company's full year results on 24^th May. Richard's appointment follows a search process which considered both internal and external candidates for the role.

Richard Stearn, 43, spent ten years at Berkeley Group Holdings Plc where he was Group Financial Controller and Company Secretary. Prior to this he spent twelve years with PriceWaterhouseCoopers.

William Rucker, chairman of Quintain said:

"We are delighted to announce today Richard Stearn's promotion to Finance Director. Richard has an enviable track record and his experience from over two decades at Berkeley Group and PriceWaterhouseCoopers has enabled him to make an invaluable contribution to Quintain since joining in February. Over the next 12 months his focus will be on continuing to drive down costs, de-gear the business and secure refinancings to further strengthen the balance sheet and increase financial flexibility. Finally I would like to thank Rebecca Worthington, our deputy chief executive for all her incredible hard work in this role, which has enabled us to move forward from a position of increasing financial strength."

Richard Stearn, Finance Director said:

"I am delighted to be appointed Finance Director of Quintain. The company has made significant progress over the last 12 months and I look forward to working as part of the new management team to build further momentum over the coming months and years."

For further information, please contact:

Quintain William Rucker	[phone]
RLM Finsbury Jenny Davey Ed Lane Fox	[phone]

 

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