Persimmon has appointed Galliford Try’s Andrew Duxbury as its new chief financial officer.
Duxbury will join the housebuilder next year, having served as group finance director at Galliford Try for almost five years.
His appointment follows the departure of Jason Windsor from Persimmon in September to become CFO of asset manager Abrdn.
Since then, interim responsibility for the finance function has fallen to group chief executive Dean Finch, supported by group financial controller Mike Smith.
Persimmon chairman Roger Devlin welcomed Duxbury to the role, saying: “Andrew has extensive experience as a finance director in the construction and housebuilding industry, which will be an invaluable asset to Persimmon as we continue to deliver good quality homes for families across the UK. and position the business for future growth.”
Duxbury, who spent 16 years at audit and consultancy giant PwC before joining Galliford Try, said he was looking forward to taking up the role next year.
“This is a great opportunity to join a company that works to deliver quality homes across the UK,” he said.
Duxbury added that he would leave Galliford Try with a healthy balance sheet and in the hands of an experienced team.
“Galliford Try is a fantastic company, which I will leave in a very strong position to continue its sustainable growth,” he said.
Galliford Try said the search for Duxbury’s successor was ongoing and an update would be provided in due course.
“Throughout this process, Andrew will remain focused on executing the group’s performance and sustainable growth strategy, as well as ensuring a smooth and effective transition of his roles and responsibilities,” he said.
Chief executive Bill Hocking paid tribute to Duxbury’s part in the business’ success.
“On behalf of the board, I would like to thank Andrew for the contribution he has made since the successful divestment of the housebuilding business in 2020 and in supporting the group’s sustainable year-on-year growth,” he said.
Last year, Duxbury was named one of the 20 highest paid construction executiveson a base salary of £367,000 and a total package worth £760,000.
The previous year, Galliford Try defended a £250,000 bonus paid to Duxbury after shareholders objected to half of the sum being based on the successful sale of Linden Homes to Bovis in 2020.
