Taylor Wimpeys Chief Exec Resigns

The UK chief executive of Taylor Wimpey Ian Sutcliffe has left the company to head up the UK arm of office developer Segro, according to a statement by the housebuilder this morning.

The statement said he “stood down” from the board of the company effective yesterday, and will take up the post of managing director, UK property for Segro, which owns £5.2 billion of property and was previously known as Slough Estates.

The statement said: “The Company announces that on 14 April 2008, Ian Sutcliffe, Chief Executive of the UK Housing Division stood down from the Board of Taylor Wimpey plc and has also left the Company.”

Ian Coull, Chief Executive of SEGRO, said:
“I am delighted to welcome Ian Sutcliffe to SEGRO. He is an accomplished businessman who brings with him a wealth of wide ranging international experience and acumen. At both Taylor Wimpey and Royal Dutch Shell, through his drive and energy, Ian made a major contribution to performance - in particular demonstrating change management skills, and a strong focus on customer and marketing initiatives.

"In offering Ian Sutcliffe this position, SEGRO was particularly impressed by the breadth and depth of his general business accomplishments, as well as management roles which gave him specific insights into the property sector. Most recently his role at Taylor Wimpey as UK CEO, following the merger of George Wimpey and Taylor Woodrow, included defining the land and capital strategy for the new business. At Shell, Ian was the Retail Director in charge of the commercial development of its UK Petrol Stations; as Managing Director Shell Caribbean he also led all aspects of the business - he duly progressed onto US Vice President of Retail, managing the retail capital and assets strategy for the entire US Shell Oil operations.

Taylor Wimpey’s group chief executive Pete Redfern will now take responsibility for the UK division.