Ed Hutchinson has been named as new managing director at Henry Boot Developments.
A 14 year veteran with the business, he joined in 2004 as a Project Manager and was appointed a board director eight years later.
He replaces David Anderson, who announced his resignation in July. To ensure a smooth handover, he will work closely with David during the coming months prior to David’s departure.
John Sutcliffe, CEO of Henry Boot PLC, said: “Ed has been an intrinsic part of HBD’s executive team for many years now, during which time he has made a tremendous contribution to the business and will continue to do so in his new role.
“Ed inherits a robust business, backed by a talented and experienced team of senior directors who have worked together for many years. Under Ed’s leadership they will continue to deliver great schemes for our clients into the future.”
Mr Hutchinson said: “The business is in great shape. Having been with HBD for 14 years, six of those as a Director, it’s a business I know incredibly well, and I look forward to picking up the mantle and continuing to focus on growing what is an impressive and diverse development pipeline.”
HBD, the development arm of Henry Boot PLC, is currently working with a commercial development pipeline of over £1bn, spanning the UK. In its interim results announcement last week, the Group revealed a pre-tax profit of £26.2m for the six months to 30 June 2018, up from £22.6m a year earlier. Revenue for the period is also up, while net debt has fallen by 58%.