Jennie Daly has been promoted to the top job at Taylor Wimpey following the company announcement in December that Pete Redfern is to step down as chief executive.
Currently working as group operations director, Daly will take on the role after the annual general meeting on 26 April.
Her new salary will be £750,000, and she will also benefit from a pension worth 10 per cent of her annual pay, as well as the chance to secure a bonus worth 150 per cent of her salary.
Daly’s renumeration will further include a performance share plan for 2022 of 200 per cent of salary, the company said in a statement to the London Stock Exchange.
In her current role, Daly oversees Taylor Wimpey’s land, planning, design, technical, sustainability, production and supply chain functions, as well as managing the Taylor Wimpey Logistics business.
Irene Dorner, chairman, said: “I am delighted to announce the appointment of Jennie Daly as our new chief executive. Jennie has extensive experience in the housebuilding sector and has demonstrated exceptional leadership and a razor-sharp operational focus. Her strong focus on execution, combined with her customer and people-focused skills, set her apart from the other candidates we were considering. I look forward to continuing to work closely with her as we execute our next phase of growth.”
Daly added: “It is an honour and privilege to take on the role of chief executive at Taylor Wimpey and I am delighted to have the support of the board and our executive and wider teams.
“This is an outstanding business with a strong landbank and strategic land pipeline, and a talented and committed team. Taylor Wimpey is strongly positioned to deliver sustainable sector-leading growth and returns, whilst always operating as a responsible business. I am energised by the opportunities at Taylor Wimpey and look forward to working closely with the board and our teams to deliver on the significant potential at the company.”
New chair for Coventry
David Thorburn is to join the board of Coventry Building Society in April 2022 as a non-executive director, taking the place of Gary Hoffman as the mutual’s chair.
Thorburn has previously been chief executive of Clydesdale Bank and a director of Barclays Bank UK, chairing the lender’s board risk committee.
He is also an independent non-executive with Ernst and Young and was previously an external member of the Bank of England’s Prudential Regulatory Committee.
Coventry chief executive Steve Hughes said: “I am pleased David has agreed to join the society and take up the role as chair of the board later this year.
“David’s experience and insight will be invaluable as we continue to build on our success and focus on our aim to deliver a sustainable future for the organisation and society as a whole. I very much look forward to working with him.”
