Board Appointment
19 Mai 2003 - 9:00AM
UK Regulatory
RNS Number:2188L
Country & Metropolitan PLC
19 May 2003
FOR IMMEDIATE RELEASE 19 May 2003
Country and Metropolitan PLC
Board Appointment
Country & Metropolitan PLC ("C&M"), a housebuilder and leading developer of
brownfield regeneration projects, is pleased to announce the board appointment
of Terry Roydon as Non-Executive Director.
Terry has 35 years experience in the house building industry and has held a
number of board positions in the building sector, most notably as Chief
Executive of Prowting PLC and more recently as Chairman of Banner Homes Limited.
During his time at Prowting, the Company floated on the London Stock Market and
generated an annual turnover of #150 million producing 1,600 homes.
Terry joins the Board of C&M as from today. He also holds a number of other
Non-Executive Director positions in the building industry both in the UK and
overseas. These include the National House Building Council and a large Polish
housebuilder.
Stephen Wicks, Chief Executive of C&M commented:
"We are delighted to have someone of Terry Roydon's experience and reputation
within the building sector joining the C&M board at this important stage of the
Company's development."
For further information:
Country & Metropolitan Tel: 01895 824111
Stephen Wicks, Chief Executive
Jean Atkins; Group PR & Marketing Director
Buchanan Communications Tel: 020 7466 5000
Mark Edwards/Jeremy Garcia
Notes to Editors:
Terry Roydon
January 2000 to July 2002 Non-Executive Chairman of Swallow Homes
A private homebuilder based in Spalding, building some 200 homes
per annum in the East Midlands
January 1999 to July 2002 Non-Executive Chairman of Banner Homes
Banner operates throughout the South East and has a turnover of
more that #60 million per annum
March 1985 to December 1998 Group Managing Director and subsequently Chief Executive of
Prowting Plc
On joining, Prowting was a private, family owned house builder
based in Ruislip, Middx building some 550 homes each year. The
Company floated on the Stock Market in 1988. Prowting PLC had a
turnover in 97/98 of #150m and an output of over 1,600 homes.
Industry Representation Activities * 1999 to date - consultant to Westbury Plc
* President of the House Builders Federation '84
* Honorary Secretary of the Volume House Builders Study
Group '85-'95
* Remains Officer of the House Builders Federation
* Council Member of the National House Builders Council,
the industry warranty organisation since '82 and Director since '92
* Helped found the New Homes Marketing Board in '84
serving as Chairman
* Served as President of the European Union of House
Builders and Developers from '95-'97
Additional information on Country & Metropolitan
Country & Metropolitan PLC was established in 1990 and floated on the London
Stock Exchange in 1999. A specialist company in the re-development of
Brownfield sites, restoration, conservation and preservation of architectural
excellence. This company has received numerous awards (including the
prestigious What House Award) and is a member of the National House Builders
Federation.
Following it's recent acquisition of NorthCountry Homes Group Ltd it is
currently listed within the top twenty five house builders nationwide.
As at 31 August 2002, Country & Metropolitan PLC reported annual turnover of
#32.3m (2001: #19.3m) and a pre tax profit* of #3.99m (2001: #2.21m).
* Before goodwill amortisation
This information is provided by RNS
The company news service from the London Stock Exchange
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