Persimmon Plc
PSN:LN
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Overview
Company Profile
Persimmon was founded in 1972 and is today one of the UK’s leading housebuilders.
Persimmon Plc is the holding company for the Persimmon Group of companies. We are listed on the London Stock Exchange (PSN.L) and are a constituent of the FTSE 100 Index.
With headquarters in York, the Group operates from 31 regional offices throughout the UK. The Group trades under the brand names of Persimmon Homes, Charles Church and Westbury Partnerships, building quality homes across England, Wales and Scotland. FibreNest, our ultra-fast, full fibre to the home broadband service aims to ensure our customers are connected to the internet from moving in day onwards.
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Corporate
Board of Directors
Nicholas Wrigley
Chairman
Nicholas was appointed to the Board on 1 February 2006 and appointed Chairman on 21 April 2011. He is Chairman of the Nomination Committee and a member of the Remuneration Committee. Nicholas Wrigley is an Executive Vice Chairman of Rothschild London. He has over 30 years’ mergers and acquisitions experience at Rothschild and is a qualified accountant. He was also Senior Steward of the Jockey Club from 2009 to 2014. Nicholas’ leadership style encourages open and honest debate in the spirit of constructive challenge, which enables effective decision making by the Board in all areas of strategy, responsibility and governance.
Jeff Fairburn
Group Chief Executive
Jeff was appointed to the Board on 1 June 2009 and as Group Chief Executive on 18 April 2013. He is a member of the Risk Committee. Jeff Fairburn joined the Group in 1989. He was promoted to North East Managing Director then North East Regional Chairman before assuming the role of North Division Chief Executive in 2006. He was subsequently promoted to Group Managing Director in 2012. Jeff has 31 years’ experience in the construction industry, 27 of which have been in the housebuilding sector. He has an in depth knowledge of Persimmon having started as a quantity surveyor in our Yorkshire business. This, together with his strong leadership skills, enables him to effectively direct and manage the delivery of our strategy.
Mike Killoran
Group Finance Director
Mike was appointed to the Board on 4 January 1999 and took over his present role in April that year. Mike is a member of the Risk Committee. Mike Killoran joined the Company in 1996. A chartered accountant by profession, Mike worked in manufacturing, distribution and retail sectors before joining the Company. Mike has extensive financial and operational skills and over 18 years’ experience and knowledge of both the industry and our business. These skills enable Mike to make a strong contribution to strategy development.
Nigel Greenaway
South Division Chief Executive
Nigel was appointed to the Board on 8 January 2013 and is a member of the Risk Committee. Nigel joined the Group in 1986. He was appointed Managing Director of the South Midlands operating business in 2001 and was promoted through the Group, ultimately being appointed to his current role of South Division Chief Executive in 2005. Nigel has extensive experience of the business and the housebuilding industry, having held various roles within the Group before being promoted to his current role. He is the Board Director responsible for health and safety.
David Jenkinson
North Division Chief Executive
Dave was appointed to the Board on 13 December 2013 and is a member of the Risk Committee. Dave joined the Group in 1997. He was appointed Managing Director of the North East operating business in 2005 and was promoted to Regional Managing Director in 2007. He was appointed to his current role as North Division Chief Executive in January 2013. Dave has extensive experience of our business and of the housebuilding industry. He has particular strengths in land buying and development and is a qualified town planner.
Richard Pennycook
Senior Independent Director
Richard was appointed to the Board on 14 March 2008 and is Chairman of the Audit Committee and a member of the Nomination Committee. Richard was appointed the Senior Independent Director on 19 April 2012. A chartered accountant and graduate of Bristol University, Richard is Group Chief Executive of The Co-operative Group, Non Executive Chairman of The Hut Group and Chairman of the Audit Committee at Howden Joinery Group Plc. Previous roles include Group Finance Director of Wm Morrison Supermarkets Plc and RAC Plc, Finance Director of J D Wetherspoon Plc, CEO of Welcome Break Holdings Plc and Non-Executive Director of Richer Sounds Plc. Richard has extensive financial and retail skills, which enable him to inform the debate on strategy and particularly participate in evaluating the robustness of the Group’s risk management
Jonathan Davie
Non-Executive Director
Jonathan was appointed to the Board on 1 January 2010. Jonathan is Chairman of the Remuneration Committee and a member of the Audit and Nomination Committees. Jonathan, a chartered accountant, is Non-Executive Chairman of First Avenue LLP and a Non-Executive Director of Hansa Trust Plc. His previous roles include Non-Executive Chairman of IG Group Holdings Plc, Vice Chairman of Credit Suisse, CEO of BZW Global Equities and Non-Executive Director of Credit Suisse UK Private Bank. Jonathan’s experience has given him sound judgement and the ability to constructively challenge the Executive Directors. He has extensive experience of the financial markets and capital raising.
Mark Preston
Non-Executive Director
Mark was appointed to the Board on 9 January 2012 and is a member of the Audit and Remuneration Committees. A chartered surveyor, Mark is the Group Chief Executive of Grosvenor Group Limited, an appointment he took up in 2008. He is a Non-Executive Director of Sonae Sierra SGPS. He is also a board member of The Association of Foreign Investors in Real Estate, a Member of the (University of) Cambridge Land Economy Advisory Board, a Member of the Greenprint Advisory Board and a Trustee of the Westminster Foundation. Mark’s experience as Chief Executive of Grosvenor Group Limited has given him extensive knowledge of the commercial and residential property market, which enables him to add a valuable contribution to discussions regarding the Group’s strategy.
Marion Sears
Non-Executive Director
Marion was appointed to the Board on 8 January 2013 and is Chairman of the Corporate Responsibility Committee and a member of the Remuneration Committee. Marion is a Non-Executive Director of Dunelm Group Plc where she is the Nominations Committee Chair and the Remuneration Committee Chair. She was the Senior Independent Director from 2006 to 2014. She is also a Non-Executive Director of investment trusts Octopus AIM VCT Plc and Fidelity European Values Plc. Marion was previously Senior Independent Non-Executive Director of Zetar Plc and held executive positions at Glaxo, UBS, Baring Brothers and JP Morgan. Marion has extensive retail industry knowledge and customer understanding together with an all-round view of the consumer markets. Her banking skills, financial background and current involvement in the investment industry enable her to provide useful advice and judgement on the implementation of the Company’s strategy.
Rachel Kentleton
Non-Executive Director
Rachel was appointed to the Board on 24 June 2015 and is a member of the Audit and Risk Committees. Rachel is Group Director, Strategy & Implementation at easyJet with responsibility for Strategy Development, Programme and Change Management and Investor Relations. Rachel is a qualified accountant and prior to joining easyJet held investor relations and finance roles at Unilever, Natwest, Diageo and SABMiller. Rachel’s strategic, investor relations and financial experience will add to the balance of skills and experience of our non-executive directors and will be of great benefit to the implementation of the Company’s strategy and the development of the business.