Bellway finance director to stand down

Housebuilder Bellway said on Tuesday that group finance director Keith Adey will step down from the role.

Bellway said Adey, who has spent the last 12 years in the job, will retire from full-time executive work once a successor has been appointed.

The FTSE 250-listed group will now launch a thorough recruitment process, led by the Nomination Committee with the support of external consultants, will now be undertaken.

Chairman John Tutte said: “On behalf of the board and everyone at Bellway, I want to place on record our sincere gratitude for Keith's significant and highly valued contribution to Bellway's growth and sustainability strategy, and for his dedicated service over the years. The board looks forward to continuing working with him while we undertake a thorough process to identify his successor.”

As of 1030 BST, Bellway shares were down 0.72% at 2,760.0p.

Reporting by Iain Gilbert at Sharecast.com