Redrow plc announces that it has agreed to appoint Richard Akers as its new non-executive chair of the board of the company. Richard will join the board as chair-designate and as an independent non-executive director on June 1, 2021. Richard will work closely with John Tutte during a handover period and Richard will assume the role of chair following the announcement of the company's 2021 full year results on September 15, 2021, at which time John will stand down from the board. As announced on February 5, 2020 the company confirmed that it was the intention of John to retire from the board ahead of the 2021 AGM and in its 2020 annual report, it reported that it had commenced a search for a new Chair, led by Nick Hewson, the Senior Independent Director. Richard Akers has a career background in property and land acquisition, having spent his entire career in the industry, latterly as a main board director of Land Securities plc. Since retiring in 2014 from Land Securities plc he has held a number of non-executive roles. Richard currently holds independent non-executive roles at Unite Group plc and Shaftesbury plc where he is Senior Independent Director, and until recently having completed nine years, held a non-executive role at Barratt Developments plc, as a non-executive director, the Senior Independent Director, Chair, Remuneration & Safety, Health & Environment Committees & Workforce Engagement Director. As well as his role as a non-executive director and chair designate, Richard will also serve on the nomination committee (which he will chair in due course), and the remuneration committee of the board.
Redrow plc is a United Kingdom-based company, which is focused on housebuilding activities. The Company has approximately 100 live developments throughout England and Wales. It has an integrated divisional network of 13 regional offices. The Company specializes in buying all types of land, in all conditions, from greenfield sites to former factories and industrial sites, warehouses and offices, old buildings and derelict works. The Company is engaged in residential development through its subsidiaries, including Redrow Homes Limited, Redrow Real Estate Limited, Redrow Regeneration plc, The Waterford Park Company Limited and The Waterford Park Company (Balmoral) Limited. It is focused on land acquisition, development and resale through, Harrow Estates plc. The Company is also engaged in business park maintenance services through, St David's Park Limited.