Henry Boot PLC announces new CEO

Henry Boots Developments is involved in the new AECC project in Aberdeen.

HENRY Boot PLC has announced Tim Roberts as the construction company’s new chief executive.

Current chief executive, John Sutcliffe, will continue to lead the company before stepping down at the end of 2019 – with Roberts taking over the role on January 1, 2020.

Roberts has spent 15 years running British Land’s office team, and he has overseen large scale developments, transactions and lettings such as the joint venture development and eventual sale of both the Leadenhall Building and 5 Broadgate, as well as major lettings to companies such as Facebook, UBS and Dentsu Aegis.

Chairman Jamie Boot, said, “The board has conducted a rigorous selection process, with an external recruitment partner, during which both internal and external candidates were assessed for the role. We are delighted that this has resulted in the appointment of Tim, who stood out from our list of strong candidates due to his track record of success in property investment and development and his delivery of long-term value creation.

“On behalf of the board, I want to thank John for his dedication, professionalism and personal commitment through his time with Henry Boot and wish him well in his retirement. Under John’s leadership, Henry Boot has undergone important and necessary change and is now a stronger group.”

Tim Roberts added, “I am very excited to be joining such a long-standing, well established business which, over the years, has generated strong financial performance. Henry Boot is in very good shape and I am joining a team that will not only continue to deliver strong returns, but also a business that has the organisational and capital structure to prosper. On a personal note, as a Yorkshireman, I am very happy to be returning to my home city of Sheffield.”

John Sutcliffe commented, “Since I joined Henry Boot in 2006, we have significantly increased the scale of the business and built a much larger future opportunity portfolio of profitable schemes, and I am proud of the value we have created for all our stakeholders.

“I have thoroughly enjoyed my time at Henry Boot and, at 61, it is an appropriate time to hand over my responsibilities to Tim, who I am sure will make a great success of the role.”