Springfield Properties makes interim CFO permanent

Scottish housebuilder Springfield Properties has appointed Iain Logan as its permanent chief financial officer, it announced on Wednesday.

The AIM-traded firm said the 49-year-old Logan had been serving as the interim CFO since 13 March, having previously held the positions of finance director and group financial controller.

During his tenure, Logan had successfully overseen financial operations and reporting for the company, in addition to managing the group's banking relationships.

He reportedly played a crucial role in Springfield Properties' recent strategic acquisitions, including the integration of Tulloch Homes in December 2021 and the Scottish housebuilding division of MacTaggart & Mickel in June last year.

Before joining Springfield Properties, Logan served as the group financial controller for Omega Diagnostics Group - a specialist medical diagnostics company also listed on AIM.

He held that position for nine years, where his responsibilities included external financial reporting and overseeing finance teams across the UK, Germany, and India.

Logan's previous experience also included working for Murray International Holdings, where he gained extensive corporate finance expertise.

During his eight-year tenure with the investment company, he was involved in various aspects of acquisitions, disposals, and fundraising.

Additionally, he held the position of financial controller for the company's residential and property development division.

Springfield said Logan is a Chartered Accountant with the Institute of Chartered Accountants of Scotland, and began his career at PwC in Edinburgh.

On completing the necessary regulatory due diligence, Logan would be appointed to the board of Springfield Properties.

“The board has been very pleased with Iain's performance following his appointment as interim CFO, and unanimously decided to make the position permanent,” said chief executive officer Innes Smith.

“Since joining Springfield over three years ago, Iain has made an important contribution to our finance function and, increasingly, across the business.

“Accordingly, this appointment is in-keeping with our long-held values of supporting the development of our people and providing them with the opportunity to grow.”

At 1002 BST, shares in Springfield Properties were up 0.82% at 64.53p.

Reporting by Josh White for Sharecast.com.