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St Modwen seeks new chief executive

2 Feb 16 Regeneration specialist St Modwen Properties is hunting for a new chief executive after incumbent Bill Oliver revealed his intention to retire this year.

Bill Oliver is retiring
Bill Oliver is retiring

Bill Oliver has been chief executive of St Modwen for 13 years and on the board for 17 years. He will retire on 30th November 2016, at the end of the company's financial year.

St Modwen also reported that for the year to 30th November 2015 its pre-tax profits had leapt 91% to a record company high of £258.4m (2014: £135.4m)

St Modwen is working on major developments at New Covent Garden Market in the Nine Elms district of south London and at the former Longbridge car plat in Birmingham. It is also developing a new campus for Swansea University.

Chairman Bill Shannon said: "Bill has made a significant contribution to both the property industry and St Modwen during his long and successful career as both finance director and chief executive. Under his leadership the company has delivered excellent returns for shareholders and has furthered its reputation as the UK's leading regeneration specialist.  He has guided the business through significant changes and challenges and has earned the respect of our shareholders, partners, colleagues and the board.”

Bill Oliver himself said: "It has been a great privilege to have been part of St Modwen's success over the past 17 years.  2016 marks the 30th anniversary of the company's listed status and the business remains in a strong position with a portfolio and team in place to deliver excellent future growth."

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MPU
MPU

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