Housebuilder CEO leaving
Brown announces retirement from Cala Group
Leaving: Alan Brown is retiring from Cala Group
Alan Brown, chief executive of house builder Cala Group, is retiring from the company, the board has announced.
His decision comes just a month after Legal & General took full control of the company.
A search for a successor has begun and he will remain in his current role until the end of April, when Graham Reid, group finance director, will assume the position of interim CEO, in order to ensure an orderly handover.
Mr Brown was a key driver in turning around the business after it plunged into financial difficulties in 2007/08.
He was instrumental in securing the backing of L&G and Patron Capital in 2013 before delivering the acquisition and successful integration of Banner Homes in 2014.
He led the acquisition of the group by L&G which was announced last month.
Mr Brown has held a number of senior management and strategic roles over the last 32 years after training as a chartered quantity surveyor.
He joined CALA in 1986 as development manager, progressing through the company before being appointed regional chairman for England in July 2006.
Following the financial crisis he became group managing director before being appointed chief executive in September 2009.
Since then, Cala has become the UK’s fastest growing major home builder, delivering record profits in each of the last five years. It achieved five stars for customer service for the first time in 2008 and is now established as the UK’s most upmarket major home builder.
Kerrigan Procter, chief executive of Legal & General Capital, said: “Cala has benefited greatly from Alan’s leadership over the last nine years as chief xecutive and we shall miss him.
“The group is much stronger and more resilient as a result of his direction and the board is confident of achieving continued and sustainable profitable growth well into future.
“On behalf of the Board and all of his colleagues, I would like to thank Alan for his outstanding contribution to the development of Cala and wish him every success in whatever he decides to do next.”
Mr Brown said: “This was not an easy decision. I’ve spent nearly my entire career at Cala, working with a talented group of people to build the great business that it is today.
“When I took over as CEO, the company had significant challenges and as a team we’ve worked extremely hard to overcome those challenges and build a large and very successful business that now enjoys the long-term support of one of the UK’s blue chip companies.
“I have enjoyed working at Cala immensely and I would like to thank all my colleagues for their fantastic support.
“The group is in great shape with exciting growth opportunities and now is the right time for me to hand over the reins to a successor to lead Cala into the next stage of its development.
“I will now be taking a short time out from corporate life in order to think about the sorts of roles and activities I wish to pursue in the next stage of my career.”