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.

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

Recommended

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
6 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Best savings accounts – February 2023
Savings

Best savings accounts – February 2023

Interest rates on cash savings are making a comeback. We look at the best savings accounts on the market now
6 Feb 2023
The best one-year fixed savings accounts - February 2023
Savings

The best one-year fixed savings accounts - February 2023

Earn almost 5% on one-year fixed savings accounts.
6 Feb 2023
Share tips of the week – 3 February 2023
Investments

Share tips of the week – 3 February 2023

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages
3 Feb 2023