Keepmoat has promoted Ian Hoad from divisional chairman to chief executive Officer to replace Tim Beale, who has stepped down.
Ian Hoad first joined Keepmoat in 1996 at the age of 16. After five years he moved on and worked variously for Fairclough Homes, Henry Boot and Bovis before rejoining Keepmoat in 2009. Since then he has been technical director and Yorkshire region managing director. He was promoted to the role of divisional chairman in 2019 with responsibility for Scotland, North East and Yorkshire East.
Tim Beale has stepped down after eight years with Keepmoat and six years as chief executive. He was previously with Crest Nicholson for 14 years.
Beale said: 鈥淎fter careful consideration, I have taken the decision that the time is right for me to step down as CEO. I am delighted that the board has appointed Ian Hoad, divisional chairman for Scotland, the North East, and Yorkshire East to be my successor. I am confident that under his leadership the business will continue to go from strength to strength. I will remain with the business over the coming months to ensure a seamless transition.鈥�
Ian Hoad said 鈥淚 am incredibly proud to be given this opportunity to lead the Keepmoat business and steer it through its exciting next stage of growth and development. Our differentiated partnership model has proven to be resilient with our focus on first time buyers and brownfield developments and is extremely well positioned to deliver on that significant future growth. I look forward to continuing to work with our public and private sector partners and Keepmoat鈥檚 highly capable management team, to deliver the high-quality multi-tenure homes and communities that the country so desperately needs.鈥�
Keepmoat is owned by private equity outfit Aermont Capital, whose managing partner Paul Golding said that Beale had been 鈥渁n exemplary CEO, transforming and developing the business and its partnership model.鈥�
He added: 鈥淭im informed the board of his decision to step down over a year ago, enabling us to conduct an extensive external and internal search to find his successor. The conclusion of this is the internal appointment of Ian Hoad as Keepmoat鈥檚 CEO. Ian has continually impressed us with his operational expertise, his focus on delivering for all stakeholders and his energy and passion for the business. We look forward to working with Ian as we continue to grow the business and deliver much needed housing.鈥�
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