DJ Cairn Homes Plc: Chief Financial Officer to Step Down in 2024
Cairn Homes Plc (CRN)
Cairn Homes Plc: Chief Financial Officer to Step Down in 2024
10-Oct-2023 / 07:00 GMT/BST
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Directorate Change
Chief Financial Officer to Step Down in 2024
Dublin/London, 10 October 2023: Cairn Homes plc ("Cairn", "the Company" or "the Group") (Euronext Dublin: C5H / LSE:
CRN), a leading Irish homebuilding company, today announces that Shane Doherty has informed the Board of his intention
to step down from his role as Executive Director and Chief Financial Officer ("CFO") of Cairn.
Shane will leave Cairn in the second half of 2024, after serving more than four years in his role. He will remain with
Cairn for a transition period of up to six months beyond his contractual six month notice period, to ensure an orderly
succession and support the Company with a smooth transition of responsibilities to his successor after their
commencement in the role.
The Board will commence a search process for a new CFO imminently.
Shane Doherty, Chief Financial Officer of Cairn, commented: "I am very grateful to have had the opportunity to serve as
CFO at Cairn and work closely with the many talented people throughout the business. Cairn has an exciting long-term
outlook, and I am very proud of the progress that we have made during my time with the business."
John Reynolds, Chairman of the Board of Cairn, commented: "On behalf of the Board, I wish to express my gratitude to
Shane for his contribution over the past number of years. The health of the business and our financial position today
is testament to his diligence, hard work and commitment to Cairn. In light of Shane's extended notice period, there
will be plenty of time to wish him well at a later date."
Michael Stanley, Chief Executive Officer of Cairn, commented: "On behalf of all of us at Cairn, I would like to
sincerely thank Shane for his immense contribution as CFO. Shane has played a central role in our growth and success
over the last number of years, as we've positioned the business to deliver on the next stage of our journey. Shane's
dedication to Cairn and our stakeholders is reflected in his willingness to stay beyond his notice period to ensure a
well-planned transition."
For further information, contact:
Cairn Homes plc +353 1 696 4600
Tara Grimley, Company Secretary
Michael Stanley, Chief Executive Officer
Shane Doherty, Chief Financial Officer
Declan Murray, Head of Finance and Treasury
Drury Communications +353 1 260 5000
Billy Murphy
Claire Rowley
Gavin McLoughlin
Notes to Editors
Cairn Homes plc ("Cairn") is an Irish homebuilder committed to building high-quality, competitively priced, sustainable
new homes and communities in great locations. At Cairn, the homeowner is at the very centre of the design process. We
strive to provide unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is
expertly designed, with a focus on creating shared spaces and environments where communities thrive. Cairn owns a c.
16,300 unit landbank across 35 residential development sites, over 90% of which are located in the Greater Dublin Area
("GDA") with excellent public transport and infrastructure links.
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse
Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: IE00BWY4ZF18
Category Code: BOA
TIDM: CRN
LEI Code: 635400DPX6WP2KKDOA83
OAM Categories: 2.2. Inside information
Sequence No.: 276868
EQS News ID: 1744849
End of Announcement EQS News Service
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October 10, 2023 02:00 ET (06:00 GMT)
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