Taylor Wimpey has announced its Group Finance Director, Ryan Mangold, is to step down from his position after almost eight years in charge.

The housebuilder revealed Mr Mangold will officially leave his role today, April but will continue to have an active role in the business until the end of the year, which include helping to oversee the half year accounts and help to ensure an orderly transition. He will then be on garden leave until 19 April 2019.

Kevin Beeston, Chairman, said: "On behalf of the Board, I would like to express our sincere thanks to Ryan for his significant contribution to Taylor Wimpey as Group Finance Director over the past eight years and would like to wish him all the very best for the future."

Ryan Mangold said: "I have thoroughly enjoyed my time at Taylor Wimpey having improved the strength and quality of the balance sheet and, as a member of the senior management team, driven a material improvement in business performance. I leave the Board with the business in a very strong financial position and I wish Taylor Wimpey continued success for the future."

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In Mr Mangold's place, Chris Carney has been appointed Group Finance Director with immediate effect. Mr Carney is currently the Divisional Chairman of the Company's London and South East Division, a role he has held since 2015.

In addition, Ingrid Osborne will step up to become Divisional Chairman for the London and South East Division. She has significant operational and commercial experience and is currently the Divisional Managing Director of Taylor Wimpey's Central and East London businesses, as well as being a member of the Group Management Team.

Elsewhere, Jennie Daly has been appointed as Group Operations Director. Having joined the company in 2014 from Redrow as Planning Director, Ms Daly became UK Land Director in 2015. She has a wealth of experience in the housebuilding industry gained from roles which include strategic land oversight at Westbury and managing director of Harrow Estates.

In her new role, Ms Daly will oversee Taylor Wimpey's land, planning, design and technical, production and supply chain functions, in addition to managing the Taylor Wimpey Logistics business. She is also a non-executive director of the Peabody Trust.

Mr Beeston said: "I am also delighted to welcome both Chris Carney and Jennie Daly to the Board as Group Finance Director and Group Operations Director respectively. Both Chris and Jennie are existing members of the Group Management Team and each has a wealth of experience in the housebuilding industry, which will help to further strengthen the Board. I wish Chris and Jennie every success in their new roles.

"I would also like to wish Ingrid every success in her new role as Divisional Chairman of the London and South East Division.  I am particularly pleased that the Board's active succession planning focus has produced such outstanding candidates, as well as helping to provide further opportunities in the business."

(LM)