John Swinney, Pinnacle psg's Chief Executive, has announced he is to leave the firm to seek a new challenge.

His decision has been made after 14 years of excellent service to Pinnacle psg. The business is now well-established in its market place and has a strong reputation for doing things differently and for being a positive influence in the communities where it works.

John believes that the business is at a point where it will benefit from new leadership and a fresh impetus. It is on the verge of breaking into a number of new markets including Welfare to Work and Schools PFI as well as becoming a leader in mixed tenure management

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John, who joined Pinnacle in 1994 said: "I have loved my time at Pinnacle and will miss the people; I am extremely proud of where we have taken the business."

Perry Lloyd, Group Chief Executive of Pinnacle psg's parent company Pinnacle Regeneration Group said: "John's part in building Pinnacle psg has been a major contributor to providing Pinnacle Regeneration Group with the strongest of platforms to develop its business model going forward. I would like to recognise John's efforts during the last 14 years and wish him all the best for his future endeavours.

"The prospects for the future are therefore excellent and for Pinnacle psg we see John's departure as a catalyst to review both operations and strategy to ensure that we maximise the potential of the market position that John has helped to create. We are excited about the future and are as committed as ever as developing our unique business model's focus on communities and staff."

(CD/JM)