Specialist age exclusive developer, PegasusLife, has announced a key Board change.

Howard Phillips is stepping down from the Board into a a Non-Executive, business advisory role.

This announcement follows the appointment of Antonin de Margerie as the new Chief Executive Officer last year.

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Antonin de Margerie said: "There is no doubt the PegasusLife Group has already achieved what we set out to do, which is to transform the way people view the over 60s lifestyle, enabling them to live in beautiful, inspirational properties and communities.

"Howard's contribution to the set-up of PegasusLife from inception to the company it is today is immense. The Board is very thankful for his vision, enthusiasm and continued energy across those years."

(CM/MH)