After almost 30 years with the company, Persimmon’s south division chief executive Nigel Greenaway is taking early retirement. He goes in April.
North division chief executive David Jenkinson has been named group managing director with immediate effect, reporting directly to group chief executive Jeff Fairburn.
In a trading update, Persimmon revealed that it had completed 14,572 new homes in 2015, an 8% increase on the 13,509 built in 2014. Revenues for 2015 of £2.9bn were up 13% (2014: £2.6bn) and the average selling price increased by 4.5% to £199,100 (2014: £190,533).
Two non-executive directors, Richard Pennycook and Mark Preston, have also handed in their notice and will resign from the board after the company's AGM in April 2016 due to commitments elsewhere. Richard Pennycook, who has been a non-executive director of Persimmon for nearly eight years, is resigning to make more time for his forthcoming role as chairman of Howden Joinery Group from May 2016. Mark Preston, a non-executive director for four years, has commitments at the Grosvenor Estate.
Nigel Mills, a senior advisor at Citigroup Global Markets, will join the board as a non-executive director on their departure.
Following these changes, the Persimmon board will consist of the chairman, three executive directors and four non-executives.
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