Cala chief exec to re­tire

The Courier & Advertiser (Dundee Edition) - - BUSINESS - GRA­HAM HUBAND

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.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.