CALA Group Limited has announced the appointment of Michael Rice as chief financial officer (CFO).
The firm said that Michael brings a wealth of financial and strategic expertise to Cala, with a strong record in both leading finance teams in growing organisations and the housebuilding sector.
Michael began his career at KPMG in Ireland before moving into the construction industry. In 2015, he was appointed group financial controller at Kingspan Group plc.
Most recently, Michael was CFO of Irish homebuilder Glenveagh Properties plc, which he joined in 2017. During his tenure, he oversaw two successful stock market fundraisings and supported the company’s transition from a private entity to a publicly listed company. Under his financial leadership, Glenveagh grew from a start-up with around 50 employees to employing approximately 650 people and generating €900 million in revenue in 2024.
Kevin Whitaker, chief executive of Cala, commented, “Michael’s experience in homebuilding, combined with his strategic and corporate finance expertise, makes him an excellent fit for Cala as we work to achieve our ambition of delivering over 4,000 homes annually by 2029. I am delighted to welcome him to the team and look forward to the contribution he will make to our business.”
Michael Rice, CFO at Cala, added, “I’m thrilled to be joining Cala at such an exciting time in its journey. The company has a strong reputation for quality and integrity, and I’m looking forward to working with the leadership team to help shape and deliver the next phase of growth and strategic priorities. With the backing of Sixth Street and Patron Capital, Cala is well-positioned to build on its success and continue providing exceptional homes across the UK.”
Michael’s appointment is on the back of the recent retirement of Neil Stoddart, who has been group finance director at Cala since 2018.
