John Sutcliffe, the former Chief Executive of Henry Boot, the £400 million turnover Yorkshire property developer, has joined the board of Beal Homes as Non-Executive Director.
Mr Sutcliffe was the long-standing CFO of Henry Boot and, since 2016, served as CEO. Prior, he served as CFO of two other FTSE-quoted PLCs – Leeds-based real estate investment trust Town Centre Securities and jewellery manufacturer Abbeycrest.
He will formally step down from the Henry Boot Board at its AGM in May but will remain a Director of two joint venture Henry Boot subsidiaries and a Trustee of the company’s pension scheme, as well as being Treasurer of the University of Sheffield and Chair of the university’s Finance Committee.
Mr Sutcliffe replaces Wayne Bowser, a former HSBC North of England Regional Director, who has retired as a Beal Non-Executive Director.
“A crucially important factor for any housebuilder is land acquisition and with Henry Boot I have clearly had a lot of experience of that,” said Mr Sutcliffe.
“Beal Homes has a very good land bank, but Richard is keen to develop its mix of development sites, including large, strategic sites, to support its aspirations to continue to grow.
“I also bring experience in planning, business management, housebuilding and strategic land development – all areas that feed into the Beal business.”
Chief Executive Richard Beal said: “John brings to us decades of senior boardroom expertise and vast knowledge of the development scene, particularly in Yorkshire, all of which will be valuable in supporting our continuing growth and ambitions for the business.”