Orbit Capital PLC Statement re Chair Retirement (9771Y)
19 1월 2022 - 8:43PM
UK Regulatory
TIDM61DS
RNS Number : 9771Y
Orbit Capital PLC
19 January 2022
Orbit Capital plc
Orbit announces retirement of Chair
News release
19 January 2022
Orbit announces the retirement of Group Board Chair, the Rt Hon.
Baroness Tessa Blackstone. Tessa joined the Board in 2013 as Chair
and retires having served the maximum three terms of office. She
will be succeeded by existing Orbit Group Board Member and Chair of
Orbit's Treasury Board, David Weaver. David will take up the
position with effect from 1 February 2022.
Commenting on her retirement, Baroness Tessa Blackstone said:
"Our vision to build thriving communities and make a real
difference to our customers' lives is more relevant than ever
before.
"The UK's housing shortage is one of the biggest challenges the
country faces and I am proud that over the last 9 years, Orbit has
grown to over 45,000 homes and now serves over 100,000 customers.
In addition, Orbit has delivered 12,000 new homes and over GBP50m
in community investment, helping to build homes and communities
where people can thrive and achieve their full potential.
"It has been an enormous privilege and a huge pleasure to chair
the Orbit Group Board. I am delighted that David is to be my
successor. I wish him and everyone associated with Orbit all the
very best for the future."
Orbit Group Chief Executive, Mark Hoyland, added: "Tessa's
influence has been instrumental in making Orbit the organisation
that it is today. Through her leadership we have innovated and
driven change in the housing sector, leading the way with our
customer centric, values led-performance drive culture. On behalf
of all of Orbit, I would like to thank Tessa for her counsel and
valued support during the last nine years.
"Equally, I am delighted that David will be stepping into the
Chair role. David is passionate about our work to tackle the
housing crisis and his extensive financial, technology and funding
experience will be invaluable as we continue to deliver our Orbit
2025 strategy. After an extensive recruitment process, David's
appointment reflects the strength of the existing board and I look
forward to working closely with him in his new role of Chair."
David Weaver commented on his appointment: "Orbit has flourished
under Tessa's leadership. I am driven to ensure our customers'
voices are heard and help shape what we do as we continue to build
diverse, mixed communities with affordable housing at the
core."
David Weaver has over 34 years of experience in the financial
services sector, most recently as CEO and Chairman of the Board at
Jefferies International in London. He is an advisor to Strategic
Value Partners, an investment firm with assets of approximately $18
billion. Throughout his career, David has worked extensively with
public sector clients and has developed a passion for creating
sustainable, socially diverse and economically viable communities.
His strong interest in social and public infrastructure saw him
found and build a public-sector finance team at a large bank in New
York early in his career. David has been an Orbit Group Board
Member since 2016, and Orbit Treasury Limited Board Chair since
2018.
Ends
Note to editors
Orbit is one of the UK's foremost housing groups creating
thriving communities within a growing portfolio of over 45,000
affordable and social rent homes largely throughout the Midlands,
East and South of England. For over 50 years we've been a force for
positive changes , particularly during the country's continuing
housing and residential challenges.
We manage a portfolio of high quality, sustainable homes to over
100,000 customers in differing stages of life, from first timers to
enhanced supported living, and are one of the largest builders of
affordable homes in the UK.
Our vision is to lead in building thriving communities, and we
believe everyone is entitled to a good quality home that they can
afford in a place that they are proud to live.
We invest over GBP5 million each year in our communities to make
a positive difference in people's lives. Through our social value
programme we work to create a better society, building affordable
homes and doing business in more socially responsible and
sustainable ways while lessening the impact we have on our
environment, customers, employees, partners, suppliers, investors,
and funders.
Orbit's dedication to providing value to its customers and
employees has won recognition in the Sunday Times Top 100 Best
Companies to Work For in the not-for-profit sector. We have been
awarded RoSPA (Royal Society for the Prevention of Accidents) Gold
awards for health and safety and customer safety for the last three
consecutive years, and are proud to have achieved BS9997, fire risk
management system (FRMS).
www.orbitgroup.org.uk
For further media information, please contact :
Lisa Astle, Head of Corporate Communications and Brand -
Lisa.astle@orbit.org.uk / 07775 633957
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END
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