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01/06/2017

L&G Appoints New CEO Of Modular Housing Business

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Legal & General (L&G) has strengthened its modular housing business by appointing Rosie Toogood as Chief Executive Officer (CEO).

Ms Toogood will take up her new position in mid-June.

Previously, she worked for Rolls-Royce and held senior roles across number of key customer facing business areas, leading new product introduction and setting up global supply chains to deliver complex engineering products. Currently, she is Business Development Director for Rolls Royce's Civil Aerospace business and was previously Executive Vice President of the Compressors organisation, leading over 2,500 employees across operations located in US, UK, Germany & Singapore.

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Ms Toogood's appointment comes as L&G looks to address the UK's housing crisis by modernising the construction industry, producing precision engineered manufactured units through its new 550,000 sq ft factory in Leeds, producing up to 3,500 homes per year.

Nigel Wilson, CEO of Legal & General, said: "Rosie is joining the business at an exceptionally exciting time. Almost every other industry has seen radical innovation brought about by digital technology advancements. And yet we continue to build houses the same way that the Victorians did. 

"We need more entrants to the sector, new technologies and business models to deliver the 100,000 shortfall of new homes. Just as the car industry was automated, so the UK's traditional house building sector now needs to step up. We need to build houses faster and more efficiently than ever before. Rosie has a mandate to deliver this."

(LM)

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