Saturday 23 February 2019

Chief commercial officer at Cairn to leave the group

Cairn Homes has announced a number of changes to its managment team
Cairn Homes has announced a number of changes to its managment team
Ellie Donnelly

Ellie Donnelly

Kevin Stanley, chief commercial officer of Cairn Homes, is to leave the company next month.

Mr Stanley has been with Cairn, one of the country's largest developers, since before its IPO in 2015.

As well as working closely with Cairn’s CEO in the identification and acquisition of Cairn's land bank, he also served as managing director of the group’s Student Accommodation business, which yielded significant value for shareholders.

John Reynolds, chairman of Cairn, thanked Mr Stanley for his work, adding that the business "benefited greatly from Kevin's 25 year industry experience, and his commercial leadership across our portfolio helped put our company in the strong position it is in today".

Elsewhere, and Cairn has appointed three new independent non-executive directors; Ms Jayne McGivern, Ms  Linda Hickey and Mr  David O'Beirne.

Ms McGivern is currently global EVP of development and construction for Madison Square Garden plc, where she is responsible for overseeing all new venue development projects in addition to management of the company's planned MSG Sphere venues in Las Vegas and London.

A Fellow of the Royal Institution of Chartered Surveyors, she has also previously served as board chair of the UK Ministry of Defence Infrastructure Organisation.

Ms McGivern will take up her role at Cairn from the 1st of March.

Meanwhile, Ms Hickey is currently head of corporate broking at Goodbody Stockbrokers, where she has worked since 2004, and from which she will be retiring in April 2019.

Previously, she worked at NCB Stockbrokers and Merrill Lynch. She has been, and continues to be, an independent non-executive director at Kingspan since 2013.

Ms Hickey will take on the role of independent director at Cairn upon her retirement from Goodbody in April.

Lastly Mr O'Beirne is a former managing partner of Eversheds Sutherland, Dublin, and is also a former head of the law firm's corporate and commercial department.

He is currently a partner in its corporate & commercial department, where his primary practice areas have been, and continue to be, mergers, acquisitions, disposals, private equity investments, corporate restructurings and corporate reorganisations.

He will take up his role on the board of Cairn on March 1st.

Mr Reynolds said the group "look forward" to working with the three new board members.

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