Bellway appoints former Cairn Homes exec as CFO

Housebuilder Bellway is appointing the former chief financial officer of competitor Cairn Homes as its new CFO, the company announced on Friday.

Shane Doherty, a chartered accountant who left Cairn after four years in April, is said to have "significant experience" in the housebuilding sector.

Prior to this, Doherty was the CFO at Morgan McKinley and European Finance Director at Flutter Entertainment.

He will join the board on 2 December, replacing group finance director Keith Adey, who announced his retirement in May.

"Shane is a senior finance executive with extensive leadership and board experience, and an impressive record of delivering financial and operational growth across a number of industries in a range of financial and commercial disciplines," said chair John Tutte.

"We are delighted that he has agreed to join the group and we look forward to him working closely with our experienced management team to deliver Bellway's strategic priorities."