Directorate Change

 

Appointment of Non-Executive Director and Chair-Designate

 

Dublin/London, 29 August 2024: Cairn Homes plc (“Cairn” or “the Company”), a leading Irish homebuilding company, is pleased to announce the appointment of Mr Bernard Byrne as an independent non-executive Director and Chair-Designate, effective 1 January 2025. Bernard will succeed current Chair, John Reynolds, who will retire at the end of April 2025, having served as non-executive Chair since Cairn’s IPO in 2015. Bernard will join as a non-executive Director from 1 January 2025 and work closely with John Reynolds and the Board to ensure a seamless transition of Board leadership.

 

Bernard is a Chartered Accountant and brings a wealth of leadership, finance and commercial experience to Cairn as well as a deep understanding of the Irish market and economy. Bernard most recently served as CEO of J+E Davy, Ireland’s largest independent stockbroking and wealth management business and lead the subsequent sale of the business and its integration into the Bank of Ireland Group plc. Prior to this, Bernard served as CEO of AIB Group plc leading the successful rationalisation and IPO of the bank. Before joining AIB Group, Bernard was Group Finance and Commercial Director at ESB, Deputy CEO and Finance Director of IWP International plc and Commercial Director of ESB International.

 

Michael Stanley, CEO of Cairn, commented:

“Cairn will celebrate its tenth anniversary in 2025. John Reynolds has served as Chair since Cairn was founded and has been an integral part of the Company’s growth and success over the last decade. I am delighted to welcome Bernard as Chair-Designate to succeed John at the end of April 2025. Bernard brings an impressive track record of leading very large private and public Irish companies. John Reynolds contribution as Chairman since IPO has been invaluable to Cairn and I look forward to working with both him and Bernard during the upcoming handover period.”

 

John Reynolds commented:

“It has been a privilege to serve as Chair of Cairn over the past decade and to be a part of the Company’s exciting journey. I look forward to playing my role in ensuring a smooth transition to Bernard’s Board leadership when he joins us in early 2025. Bernard brings exceptional business acumen and expertise to Cairn, and I am confident in the prospects for the business under his and Michael’s leadership.”

 

Bernard Byrne commented:

“I am excited to be joining Cairn and to contribute to the Company’s objective of providing high quality, energy efficient homes at scale in the Irish market. I look forward to working with the dynamic and talented team in Cairn, as well as engaging with our shareholders and wider stakeholders in the years ahead.”

 

There are no other details requiring disclosure under Listing Rule 9.6.13.

                                                                                                         

 

-ENDS-

 

For further information, contact:

 

Cairn Homes plc                  +353 1 696 4600

Tara Grimley, Company Secretary

 

Drury Communications                 +353 1 260 5000

Billy Murphy

Gavin McLoughlin        

 

Notes to Editors 

Cairn Homes plc (“Cairn”) is an Irish homebuilder committed to building high-quality, competitively priced, sustainable new homes and communities in great locations. At Cairn, the homeowner is at the very centre of the design process. We strive to provide unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is expertly designed, with a focus on creating shared spaces and environments where communities thrive. Cairn owns a c.15,900 unit landbank across 36 residential development sites, over 90% of which are located in the Greater Dublin Area (“GDA”) with excellent public transport and infrastructure links.