Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Galliford CEO Prothero plans to quit to join Bovis Homes - Sunday Times

Published 20/10/2019, 04:02
Updated 20/10/2019, 04:05
© Reuters. Galliford CEO Prothero plans to quit to join Bovis Homes - Sunday Times

(Reuters) - Galliford Try Plc (L:GFRD) Chief Executive Graham Prothero is planning to quit the British builder, the Sunday Times newspaper reported.

He is trying to engineer a move to Bovis Homes Group Plc (L:BVS), which is in the process of buying Galliford's Linden Homes and regeneration divisions for 1 billion pounds, according to the report Prothero could take a senior role at Bovis or could be appointed chief executive, allowing Bovis CEO Greg Fitzgerald to step back to chairman, the report added, citing a source.

Prothero was promoted to be Galliford's chief executive in March this year after former CEO Peter Truscott was poached by housebuilder Crest Nicholson Holdings (L:CRST).

Galliford is known for projects ranging from the redevelopment of the Wimbledon tennis venue to hospitals and city bypasses.

Bovis Homes and Galliford were not immediately available for comment on Sunday.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.