Stewart Milne Group has announced that, after 30 years with the group, Chief Executive, Glenn Allison, is retiring in March 2019 and will be replaced by Stuart MacGregor.
Mr MacGregor has been working closely with Mr Allison for the last two years, in his position as Chief Operating Officer.
The housebuilder and timber systems manufacturer has a turnover of more than £280m.
Stewart Milne, Chairman, said: “This new appointment comes at a very exciting time for the group. We’ve turned a corner following several difficult years which have seen us balance our investment in growing our geographical footprint in central Scotland and North-west England and our timber systems business against a decline in North-east Scotland, historically our largest market. I’m really pleased that our ambitious plans have paid off and we have grown our group turnover by a third over the last two years alone. We’re now in a very strong position with a more balanced portfolio of developments across those geographic regions where demand for housing is strongest and continued growth in our timber systems business which is meeting the increasing demand for off-site construction solutions.”
Mr MacGregor joined the business as Group Finance Director in 2015. He has over 25 years’ experience in business and finance leadership roles, including a successful 15-year career with global brewing giant Heineken, where he worked in several European countries and the UK.
Commenting on his new role, Mr MacGregor added: “I am pleased and honoured to take up my new role in March. I know I’ve got big shoes to fill in replacing Glenn who has made such an impact on the business but I’m looking forward to the challenge. It’s a very exciting time to be part of an independent housebuilder which has demonstrated agility and ability to react boldly but prudently to market conditions. Through determination, innovation and resilience, we’ve become market leaders in timber frame and leaders in shaping and designing new homes and communities in which people want to live.”