STUART MacGregor is to become the new chief executive of Stewart Milne Group when Glenn Allison retires next month after 30 years with the firm.
The housebuilder and timber systems manufacturer said MacGregor has been working closely with Allison for the last two years in his current role as chief operating officer. He initially joined the business as group finance director in 2015.
Chairman Stewart Milne said “This new appointment comes at a very exciting time for the group. We’ve turned a corner following several difficult years which have seen us balance our investment in growing our geographical footprint in central Scotland and north west England and our timber systems business against a decline in north east Scotland, historically our largest market. I’m really pleased that our ambitious plans have paid off and we have grown our group turnover by a third over the last two years alone. We’re now in a very strong position with a more balanced portfolio of developments across those geographic regions where demand for housing is strongest and continued growth in our timber systems business which is meeting the increasing demand for off-site construction solutions.
“This is down to the hard work of everyone in the group but especially the senior management team, led by Glenn. Glenn and I have worked closely together for over three decades during which we’ve grown and evolved the business, through good times and bad. He has been instrumental to the ongoing success of the business and I am incredibly grateful to him for all his hard work, support, counsel and expertise over these years. He will be greatly missed and the whole group wishes him an enjoyable and rewarding retirement.
“Thanks to his leadership, we’re firmly on track with our ambitious growth strategy and well into our transition plan. With Stuart, working alongside the managing directors of the homes’ and timber systems’ businesses, we’ve got a talented and experienced senior executive team, with both the ambition and capabilities to drive further growth. Working closely with Glenn, Stuart has played a pivotal role in driving success across the business over the last four years, ensuring that we remain on track to deliver our strategy. Having worked closely with him throughout this time, I know he will be an excellent chief executive and I’m looking forward to working with him and the rest of the team towards achieving the objectives of our current five year growth strategy.”
Mr MacGregor added, “I am pleased and honoured to take up my new role in March. I know I’ve got big shoes to fill in replacing Glenn who has made such an impact on the business but I’m looking forward to the challenge. It’s a very exciting time to be part of an independent housebuilder which has demonstrated agility and ability to react boldly but prudently to market conditions. Through determination, innovation and resilience, we’ve become market leaders in timber frame and leaders in shaping and designing new homes and communities in which people want to live.”