He has been with the company for 40 years and chief executive for more than half that time. He has seen it move from family ownership to private equity control. Major shareholder these days is the Blackstone Group (55%), with Royal Bank of Scotland holding 22.6%, Lloyds Banking Group 8.7% and Scottish merchant bank Noble Grossart 4.9%.
Keith Miller said that it was now time for him to move aside.
“We have strong management teams in place in Miller Homes, Miller Developments and Miller Mining, each of which is led by its own chief executive,” he said.
“I am looking forward to being able to report further impressive performance from Miller Homes and our other businesses when we announce our final results for 2014 in a few weeks’ time. The group has experienced tremendous growth over the past three years and the time is right to pass the leadership of our businesses to the respective management teams.”
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