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Crest Nicholson Holdings - Surrey-based housebuilder - Says its current Chief Operating Officer Tom Nicholson is to step down following the company's planned strategy to transform its operations and standards. In January 2020, the company decided to deliver a reset in balance sheet and leadership. ‘All these objectives have been met, ensuring that the first part of the group's turnaround has been successfully delivered’, it says.
To deliver the next phase of the company's strategy, Tom Nicholson will resign. The company does not intend to replace the role of chief operating officer in the short term.
Nicholson joined Crest Nicholson in May 2019. He was previously managing director and divisional chair at housebuilding company Linden Homes, part of Galliford Try PLC. He also has worked at housebuilder Berkeley Group Holdings PLC.
Crest Nicholson will provide a further update on June 14.
Current stock price: 253.61 pence
12-month-change: down 43%
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