TIDM41YD TIDMPFP1 TIDM71ZD TIDMPFP2

RNS Number : 4258V

Places For People Group

14 April 2021

RNS ANNOUNCEMENT

14 April 2021

PLACES FOR PEOPLE ANNOUNCES RETIREMENT OF DAVID COWANS, GROUP CHIEF EXECUTIVE

Places for People would like to announce that after 24 years as CEO, David Cowans, Group Chief Executive, has decided to retire on 31st March 2022. David will continue to lead the Group and support a planned transition process.

As CEO, David has been responsible for the expansion and growth of Places for People which now manages c200,000 homes across the country and is one of the largest developers of affordable housing through its Placemaking approach.

The Group continues its focus to create affordable homes and sustainable communities, and David will continue to lead the implementation of the business plan and support the succession planning over the next 12 months.

David will be 64 when he retires.

David comments: "It has been, and remains, a privilege to have worked with many committed and hardworking people to develop the vision and the culture of the Group as it is today. I am proud to be part of Places for People."

Richard Gregory, Chairman of Places for People, added: "The Group will owe David a huge debt when David retires, as he will leave behind a legacy creating one of the country's leading affordable-led placemakers. The strength in depth of the senior leadership team which David has assembled and handing over a business that is in very good shape, are his final legacy and a great way for a CEO to bow out.

During the next 12 months, I am looking forward to working with David on business as usual, embedding our new three-year business plan, the succession planning process and delivering a smooth transition until he retires."

ENDS

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April 14, 2021 04:00 ET (08:00 GMT)

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