Galliford Try has shaken up its board after the company’s chief executive Peter Truscott announced he was leaving to join competitor Crest Nicholson.
Truscott will be replaced by current group finance director Graham Prothero as the new chief executive with immediate effect. Truscott will join the rival housebuilding contractor in September on a salary of £650,000, 10% pension contribution and a bonus of up to 125% of his salary. He will replace Patrick Bergin who has agreed to step down from the board.
Galliford Try said succession planning had “long identified” Prothero as a potential replacement after having worked at Development Securities as a finance director and at Ernst & Young as a partner. He has worked at Galliford Try for six years.
Prothero will be replaced by Andrew Duxbury who joined Galliford Try in 2012 as group financial controller.
Prothero said he was tremendously proud and honoured to have been given the chance to lead the business.
“The outlook for Galliford Try is exciting as we continue our strategy towards 2021 and I am looking forward to working with Andrew, the other executive directors and the board, and continuing to make good progress across all three of our businesses,” he said. “For me, people are the key to our success and I have a personal commitment to ensuring Galliford Try is an employer to be proud of, and a great place to develop a career.”
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