Miller Homes names new CEO
Stewart Lynes is to succeed Chris Endsor as chief executive officer at Miller Homes, the housebuilder announced today.
Assuming responsibility for the overall management of the business from the end of March, My Lynes joined Miller Homes 15 years ago and has held various senior positions during that time including chief operating officer since 2019.
Mr Endsor will step up to the role of executive chairman with responsibility for leadership of the board and will work closely with Stewart to develop and support the company’s strategy for future growth.
Chris Endsor said: “This is a very exciting time for the business and these changes have been planned for several years to ensure business continuity as we move into the next phase of our growth strategy. Stewart is an exceptional leader, the unanimous choice of the board, and we have every confidence in him. As executive chairman, I look forward to continue to work closely with him and all of the Miller Homes team to further enhance our position as a leading UK homebuilder of quality family homes.
“I would also like to express my sincere gratitude to John White who will step down as chairman from the end of March for his support and commitment to Miller Homes over the last four years. The board and I wish him well for the future.”
Stewart Lynes added: “It will be a privilege to step up to CEO at an important time for Miller Homes. We have an exceptional team and our position as one of the country’s leading homebuilders means we are well placed to continue our strong performance trajectory. I look forward to leading the business and continuing our strategy of building high quality homes in our core regional markets and creating value for all of our stakeholders.”
Miller Homes is being acquired by a fund managed by Apollo from fellow private equity giant Bridgepoint Group. The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2022.