Persimmon chief executive David Jenkinson is to leave the housebuilder.
Jenkinson has held the role for a year and has worked at Persimmon for 23 years.
He succeeded group chief executive Jeff Fairburn who left “at the request of the company” in 2018.
At the time, the board said Fairburn’s controversial pay deal and subsequent £75m bonus payout had created “continuing distraction”.
Jenkinson took on the role of interim chief executive on 31 December and was appointed full-time chief executive in February 2019.
The changes came after criticisms of low-quality homes, large bonuses and high profit margins, bolstered by first-time buyer Help to Buy sales.
Jenkinson said he has spent the last year overhauling the company’s “approach and culture”, with Persimmon investing in a range of customer care and quality initiatives.
He will remain in the role until a successor is appointed.
Roger Devlin, chairman of Persimmon, said: “Dave has played a critical role in the development of a new Persimmon. As chief executive he quickly set about designing and implementing a programme of change and started the process of resetting the culture of the business.”
Jenkinson added: “I will remain fully committed to both the CEO role and to our programme of change until my last day in the job.”
This week, housing secretary Robert Jenrick confirmed it will create a new homes ombudsman to clamp down on “shoddy building work” and “rogue developers” as well as “new measures” to raise the quality of homes sold under Help to Buy.
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