By Scott Wright
HOUSEBUILDER Miller Homes has appointed company veteran Stewart Lynes as its new chief executive.
Mr Lynes, the current chief operating officer who has been with Miller for 15 years, will succeed long-standing boss Chris Endsor at the end of the month. Mr Endsor will move into the post of executive chairman. John White is stepping down as chairman.
The change comes after a deal was agreed shortly before Christmas that will see Miller be acquired by Apollo, the US private equity group, and its management from Bridgepoint. The deal is expected to be completed in the first quarter of the year.
Mr Lynes said: “It will be a privilege to step up to CEO at an important time for Miller Homes. We have an exceptional team and our position as one of the country’s leading homebuilders means we are well placed to continue our strong performance trajectory. I look forward to leading the business and continuing our strategy of building high quality homes in our core regional markets and creating value for all of our stakeholders.”
Mr Endsor said: “This is a very exciting time for the business and these changes have been planned for several years to ensure business continuity as we move into the next phase of our growth strategy. Stewart is an exceptional leader, the unanimous choice of the board, and we have every confidence in him. As executive chairman, I look forward to continue to work closely with him and all of the Miller Homes team to further enhance our position as a leading UK homebuilder of quality family homes.”
“I would also like to express my sincere gratitude to John White who will step down as chairman from the end of March for his support and commitment to Miller Homes over the last four years. The board and I wish him well for the future.”
Miller builds around 4,000 homes in the UK, mostly in Scotland, the north of England and the Midlands, each year.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here