On Friday, Taylor Wimpey (LON:TW) plc revealed upcoming changes to its board of directors. Humphrey Singer, who has served as an independent Non-Executive Director for over nine years, will depart from the Board after his term ends on December 31, 2024. Ahead of this departure, Singer will relinquish his roles as the Senior Independent (LON:IOG) Director and a member of the Audit Committee on December 1, 2024.
Lord Jitesh Gadhia, currently an independent Non-Executive Director, is set to take over as the Senior Independent Director. Gadhia has been part of Taylor Wimpey's board since March 2021 and has chaired the Remuneration Committee since April 26, 2022. He also played a pivotal role in the company's search for a new Chair in 2022.
The company also announced the appointment of Martyn Coffey as an independent Non-Executive Director, effective December 1, 2024. Coffey will join the Audit and Nomination and Governance Committees upon his appointment. With a background as CEO of Marshalls Plc for more than a decade and a Non-Executive Director of Eurocell Plc for eight years, Coffey brings extensive experience in manufacturing for the building industry and supply chain management to the board.
In the announcement, Robert Noel, Chair of the Board, expressed gratitude to Humphrey Singer for his significant contributions and stewardship, particularly highlighting his role as Chair of the Audit Committee and as the Senior Independent Director. Noel also extended a warm welcome to Martyn Coffey, noting that Coffey's deep knowledge of the building industry will enhance the board's expertise in key areas.
No further disclosures are required under the UK Listing Rules regarding Martyn Coffey's appointment, indicating a smooth transition in the company's governance structure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.