Inland Homes appoints new CEO
Brownfield developer and housebuilder Inland Homes has appointed former MJ Gleeson boss Jolyon Harrison as its new chief executive.
Harrison has more than 50 years of housebuilding experience, including a five-year stint (October 2014 – June 2019) as MJ Gleeson chief executive.
His appointment came as the firm announced it had agreed heads of terms to buy NorthCountry for £4m. Harrison is executive chairman and a 51% shareholder in NorthCountry. The remaining shares in the company are owned by GW Padley Holdings and GW Padley Property 2.
Brownfield developer and housebuilder Inland Homes has appointed former MJ Gleeson boss Jolyon Harrison as its new chief executive.
Harrison has more than 50 years of housebuilding experience, including a five-year stint (October 2014 – June 2019) as MJ Gleeson chief executive.
His appointment came as the firm announced it had agreed heads of terms to buy NorthCountry for £4m. Harrison is executive chairman and a 51% shareholder in NorthCountry. The remaining shares in the company are owned by GW Padley Holdings and GW Padley Property 2.
The proposed acquisition of the housebuilder is subject to legal and financial due diligence, agreement of a formal sale agreement, and obtaining any required shareholder and regulatory approvals.
Inland chair Matthew Robinson said: “Jolyon is a proven leader with a strong track record of operational, strategic and commercial success in construction and property development. The whole Inland team looks forward to his contribution to this next stage of Inland’s corporate development.”
Harrison added: “We will be expanding the low-cost homes business model of NorthCountry in the North of England, based in Wakefield, taking advantage of low Northern land values and developing the Inland brownfield and strategic land business in the South where land values are high, as well as completing Inland’s existing construction commitments. In due course it is proposed to rebrand the business to reflect its focus on housebuilding in the north of England.”
He added: “I look forward to the Inland team helping me to turn the business round which will take a while, but we are looking forward to a profitable future.”
Richard Padley, commercial director at GW Padley Holdings, will also join Inland Homes as a non-executive director following the acquisition of NorthCountry.
Chief financial officer and acting CEO Nishith Malde will retire from Inland following an “appropriate handover period”.
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