Galliford Try plc has announced the appointment of Graham Prothero as its new Chief Executive with immediate effect.

Graham Prothero joined the leading housebuilding, regeneration and construction group as Finance Director in 2013. He succeeds Peter Truscott who is leaving the business to pursue other opportunities - Peter Truscott is expected to join Crest Nicholson in September 2019 after his contract with Galliford Try expires.

Galliford Try said its succession planning had long identified Graham Prothero as a potential CEO, after his distinguished career including Finance Director at Development Securities plc and a partner at Ernst & Young. In his six years in the business he has played a key role in last year’s highly-successful rights issue, and the strategic development of the Partnerships business.

The company said that following the Group’s record performance in the recent half year results in February, his task will be to maintain Galliford Try’s progress towards the Group’s 2021 strategy.

Andrew Duxbury is taking over from him as Group Finance Director.

Peter Ventress, Chairman of Galliford Try plc, said:

“As a Board, we are pleased that our strategic succession planning has enabled us to make a smooth transition both for the role of CEO and that of Finance Director. We take succession planning very seriously and are delighted that our efforts in this area have paid off so well.”