Quintain has announced that Richard Stearn, Finance Director, is to resign from the Board.

Mr Stearn has been appointed Finance Director at The Berkeley Group Holdings plc (BKG) and will take up his new position after leaving Quintain, which will be no later than 3 April 2015.

The Board of Quintain has started a process to identify Mr Stearn's successor. He will remain as Finance Director and a Board member during this time to ensure a smooth and orderly handover.

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Mr Stearn joined Quintain from The Berkeley Group Holdings plc in January 2012, where he was Financial Controller.

He said: "While I am excited about my new role, I will be sad to leave Quintain. The business has made significant progress in the last two years through the refocusing of the business on London and the actions we have taken to strengthen the balance sheet. I am proud of what has been achieved already and I will personally miss working with Max and the wider team as they move the business forward to the next stage. I will, of course, remain fully committed to Quintain during the handover period."

(CD/IT)