New CEO for Keepmoat

Ian Hoad is taking over the reins from Tim Beale, who has resigned following eight years at the Doncaster-headquartered housebuilder.

Hoad originally joined Keepmoat in 1996, leaving after five years to work with other housebuilders such as Bovis Homes, before rejoining the company as regional development director in 2009.

He was promoted to divisional chairman in 2019 and will become chief executive on 1 July.

Beale said: “After careful consideration, I have taken the decision that the time is right for me to step down as CEO.

“I am delighted that the board has appointed Ian Hoad, divisional chairman for Scotland, the North East, and Yorkshire East, to be my successor.

“I am confident that under his leadership the business will continue to go from strength to strength. I will remain with the business over the coming months to ensure a seamless transition.”

Hoad said “I am incredibly proud to be given this opportunity to lead the Keepmoat business and steer it through its exciting next stage of growth and development.

“Our differentiated Partnership model has proven to be resilient with our focus on first time buyers and brownfield developments and is extremely well positioned to deliver on that significant future growth.

“I look forward to continuing to work with our public and private sector partners and Keepmoat’s highly capable management team, to deliver the high-quality multi-tenure homes and communities that the country so desperately needs.

“I would like to thank Tim and the board for their support and for entrusting me with the leadership of Keepmoat.”

Paul Golding, managing partner at Aermont, the European investment firm that bought Keepmoat in 2021, added: “First and foremost, I would like to thank Tim for his outstanding leadership of Keepmoat over the past eight years.

“He has been an exemplary CEO, transforming and developing the business and its partnership model.

“Tim informed the board of his decision to step down over a year ago, enabling us to conduct an extensive external and internal search to find his successor.

“The conclusion of this is the internal appointment of Ian Hoad as Keepmoat’s CEO.

“Ian has continually impressed us with his operational expertise, his focus on delivering for all stakeholders and his energy and passion for the business.”