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Highlights
- Bellway has appointed Shane Doherty as its new Chief Financial Officer, effective December 2, 2024.
- Doherty previously served as CFO of Cairn Homes and brings significant experience in the housebuilding sector.
- He replaces Keith Adey, the current group finance director, who announced his retirement in May.
Overview
Housebuilder Bellway (LSE:BWY) has announced the appointment of Shane Doherty as its new Chief Financial Officer, effective December 2, 2024. Doherty, a chartered accountant, joins Bellway after serving as CFO at Cairn Homes, where he worked for four years before departing in April. His extensive experience in the housebuilding industry positions him well to contribute to Bellway's financial strategy and operational growth.
Prior to his role at Cairn Homes, Doherty held significant positions in finance, including CFO at Morgan McKinley and European Finance Director at Flutter Entertainment. His diverse background across various sectors is expected to enhance Bellway's financial management and strategic initiatives.
John Tutte, Chair of Bellway, expressed confidence in Doherty’s abilities, stating, "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." Tutte further emphasized the company’s enthusiasm for Doherty’s appointment, noting that his expertise will complement the existing management team in achieving Bellway's strategic objectives.
Doherty will succeed Keith Adey, who announced his retirement earlier this year. Adey’s tenure has been marked by significant contributions to Bellway's financial performance, and the company looks forward to a smooth transition as Doherty takes on this pivotal role. As the housing market continues to evolve, Doherty’s leadership is anticipated to play a crucial role in guiding Bellway through future challenges and opportunities in the sector.