Cala chief exec to retire
Premium sector housebuilder Cala Homes has begun the hunt for a new chief executive after the group’s longserving CEO confirmed he was planning to retire.
Alan Brown has spent more than 30 years with the Edinburgh-headquartered group, with much of that time spent in senior management positions.
He took over as group managing director following the financial crisis in 2007-08 and was confirmed as chief executive in September 2009.
During his tenure, Mr Brown oversaw the sale of the business from Lloyds Bank Group to joint owners L&G and Patron Capital, and the successful integration of Banner Homes in 2014.
Last month, Mr Brown led the buy-out of the group by Legal & General.
Mr Brown will step aside at the end of April and will be replaced by group finance director Graham Reid on an interim basis while the search for a new chief executive is carried out.
Kerrigan Procter, CEO of Legal & General Capital, said: “Cala has benefited greatly from Alan’s leadership over the last nine years as chief executive and we shall miss him.
“The group is much stronger and more resilient as a result of his direction.”
Alan Brown is retiring from his CEO role at Cala Homes.