Galliford Try has announced the appointment of Graham Prothero as its new chief executive, after former boss Peter Truscott moves to rival housebuilder Crest Nicholson
Graham Prothero, who joined Galliford Try as group finance director in 2013, succeeds Peter Truscott who will take the helm of Crest Nicholson in September. Peter Truscott is replacing Patrick Bergin, who has agreed to step down from the group chief executive role.
Galliford Try revealed its succession planning had long identified Graham Prothero as a potential CEO, after his career including finance director at Development Securities and a partner at Ernst & Young.
Following the group’s record performance in the recent half year results in February, Prothero’s task will be to maintain Galliford Try’s progress towards the Group’s 2021 strategy.
Taking over as group finance director is Andrew Duxbury, who joined Galliford Try in March 2012 as group financial controller.
Commenting on his new appointment, Graham Prothero said: “I am tremendously proud and honoured to have been given the chance to lead our great business, and I thank the board for giving me this opportunity.
“The outlook for Galliford Try is exciting as we continue our strategy towards 2021 and I am looking forward to working with Andrew, the other executive directors and the board, and continuing to make good progress across all three of our businesses.”
Peter Ventress, chairman of Galliford Try, added: “As a board, we are pleased that our strategic succession planning has enabled us to make a smooth transition both for the role of CEO and that of finance director. We take succession planning very seriously and are delighted that our efforts in this area have paid off so well.
“On behalf of the board, I thank Peter for his contribution to the group and wish him well for the future. I congratulate Graham and Andrew on their new roles and look forward to working with them and the team to deliver our ambitions.”