UK’s Taylor Wimpy has named industry veteran Noel as its next chairman | Daily News Byte

UK’s Taylor Wimpy has named industry veteran Noel as its next chairman

 | Daily News Byte

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Dec 16 (Reuters) – U.K. Taylor Wimpey ( TW.L ) said on Friday that former Landsec ( LAND.L ) chief Robert Noel will succeed Irene Dorner as its chairman in 2023, naming the homebuilding company the second-highest this year. There will be a change in management. A new chief executive in April.

Currently a senior independent director and board member alongside Taylor Wimpey, Noel, 58, is an industry veteran who led commercial property giant Landsec for eight years until March 2020.

He will take over as chairman after Taylor Wimpey’s annual general meeting in April 2023, when Dorner, 68, will step down for personal family reasons, the FTSE 100 company said.

Dorner will continue on the board as a non-executive director, the company said.

Taylor Wimpey was one of the few UK companies to have women in both chair and CEO roles, with Jenny Daly taking over as chief executive in April this year.

Daley’s appointment comes months after activist shareholder Elliott Management, one of Taylor Wimpey’s top five shareholders, criticized the company’s strategy and called for an outside CEO.

Reported by AB Jose Koilparambil in Bengaluru; Edited by Nivedita Bhattacharjee

Our Standards: The Thomson Reuters Trust Principles.

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