61DS Orbit Cap 45

TIDM61DS

RNS Number : 6611O

Orbit Capital PLC

03 October 2019

Orbit Capital plc

Investor Update

New senior appointment for Orbit Homes

October 2019

Orbit has strengthened its property team with a new senior role, to focus on delivering its target of building a further 20,000 new homes by 2030.

Helen Moore has been appointed Managing Director for Orbit Homes and will be responsible for the operational delivery of all developments across the business.

Helen has extensive experience within the property development industry having spent over 20 years in a number of senior positions. She has previously held high-profile roles within Countryside, Crest Nicholson and more recently City & Country where she spent nearly 10 years as Managing Director assuming responsibility for the running of the business and leadership team with a focus on the company's ambitious growth plans.

Mark Hoyland, Orbit's Chief Executive Officer, said: "I'm delighted Helen has joined the business at this important time as we embark upon the next phase of our commitment to building a further 20,000 new homes by 2030."

"Helen brings a wealth of experience across the housing development sector and she will continue to grow our reputation as one the UK's leading affordable housing providers."

Upon her appointment Helen said, "With the urgent need to increase the delivery of well designed, high quality affordable homes, I am delighted to bring my experience to this sector and to build on Orbit's existing pedigree and reputation as a housing developer. I look forward to working with my team and our key stakeholders to drive further success in building thriving communities."

Orbit have also announced that John Carleton, the Group's Property Investment Director, has decided to leave Orbit to pursue other opportunities outside of the Group. Mark Hoyland said "I would like to thank John for his significant contribution to the business over the last two years. He has been a highly valued member of the Executive team and we wish him every success in the future."

Ends

For further media information, please contact:

Julie Potts, Senior PR Officer at Orbit, Julie.Potts@Orbit.org.uk or call 07557 755921 @julieorbitgrp

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