Galliford Try MD steps down due to ill-health
Housebuilding and construction group Galliford Try has announced that Ian Baker has stepped down from his positions as Group Managing Director of Housebuilding and a member of the executive board with immediate effect for reasons of sudden ill-health.
Housebuilding and construction group Galliford Try has announced that Ian Baker has stepped down from his positions as Group Managing Director of Housebuilding and a member of the executive board with immediate effect for reasons of sudden ill-health.
Baker will remain with the business until November 2013.
Galliford Try's two current Divisional Housebuilding Managing Directors will report directly to Greg Fitzgerald, Chief Executive, who will oversee the Housebuilding division for an interim period while a successor for Baker's position is sought internally and externally.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In addition, the group confirmed that Graham Prothero, who was selected as the company's next finance director earlier this year, would formally join the board as Group Finance Director with effect February 1st 2013.
Greg Fitzgerald, Chief Executive, commented: "It is with great personal sadness that we report that Ian Baker has had to step down from the executive board in the most unfortunate circumstances. The board and I thank Ian for his contribution across his career with Galliford Try. The board have put in place contingency arrangements to cover Ian's absence and we will update the market regarding the appointment of a successor when possible."
MF
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published