Persimmon names Roger Devlin as new chairman
Reuters
Published Mar 15, 2018 07:39
Persimmon names Roger Devlin as new chairman
LONDON (Reuters) - Persimmon (L:PSN), Britain's second-biggest builder, on Thursday named Roger Devlin as its new chairman, hoping he will help the company move on after a row over an executive incentive plan saw his predecessor quit last year.
Devlin will step down as chairman of pub operator Marston's (L:MARS) and as the senior independent director of the Football Association on May 1 and start as Persimmon chairman on June 1.
He is also chairman designate of bookmaker William Hill (L:WMH).
In December Persimmon's then chairman Nicholas Wrigley and the chairman of the company's remuneration committee Jonathan Davie quit, recognising their mistake in not putting a cap on the incentive plan.
That scheme has since been reined in but originally could have seen the firm's top management, including Chief Executive Jeff Fairburn, make a profit of more than 200 million pounds on share options.
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Written By: Reuters
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