Housebuilder Galliford Try’s chief executive Greg Fitzgerald has revealed he is to step down next year after posting soaring profits today.
Fitzgerald, who has been with the company for 33 years, has begun the hunt for his successor and will retire no later than the end of 2015.
Galliford Try today posted a 28% rise in pre-tax profits to £95.2 million for the year to end-June.
Group revenue rose to almost £1.8 billion in the year, a 21% increase from £1.47bn.
Fitzgerald said: "As our full-year results announced today demonstrate, the group is in great shape, with a strong management team, and very well equipped for the future.”
He added: "We have made excellent progress during the year against our strategy of disciplined growth with principal focus on margin.
"Linden Homes achieved an improved margin, ahead of our expectations, and significantly stronger average selling prices, reflecting the quality of our homes, our prime locations and the backdrop of improved consumer confidence.
"As we have gone through the quieter summer period, sales have been in line with our expectations."
