Ed Farnsworth
appointed as L&Q's Executive Group Director,
Finance
L&Q has announced that Ed Farnsworth will
take up the role of L&Q's Executive Group Director for Finance
from 1 January 2025. His appointment follows the October
announcement that the current Group Finance Director, Waqar Ahmed,
will be stepping down from his role in the new year.
Ed joined L&Q as a graduate trainee in
January 2005, holding various Finance roles before being appointed
Deputy Group Finance Director in 2019. He is a qualified
accountant with extensive experience of working in social housing
finance and is committed to the positive social impact the sector
has on communities and residents' life chances. Ed is also Co-Chair
of Barking Riverside Limited, a Board Member and Chair of the Audit
& Risk Committee at North London Muslim Housing Association,
and Chair of the National Housing SORP (Statement of Recommended
Practice) Working Party for the sector.
In his new role Ed will build on his work to
forge a financial strategy based on strong commercial discipline.
This will enable L&Q to continue making landmark investments in
the safety, quality and sustainability of resident's homes, while
providing vital services to some of the most vulnerable groups in
society, and maximising the delivery of new, affordable
homes.
Speaking about the announcement, Ed said: "I
started my career in housing at L&Q almost two decades ago, and
I'm now proud to step into this role in such a values-driven
organisation. Housing associations play a vital role in supporting
the communities we serve, and I'm eager to ensure we remain a
resident-led organisation by developing a financial strategy that
supports and strengthens our social mission."
L&Q Chief Executive, Fiona Fletcher-Smith
said: "We're delighted to welcome Ed to this crucial role. He'll be
stepping up at an exciting time when we're laser-focussed on
delivering our corporate strategy to provide better homes, services
and outcomes for residents, as well as exploring new opportunities
to enable us to continue building the new homes this country so
desperately needs."
Ed's appointment follows a rigorous process
supported by Page Executive which included stakeholder sessions
with the Chair of L&Q's Resident Services Board, and the Chairs
of the housing association's internal colleague diversity
networks.
As previously announced, after stepping down
Waqar Ahmed will continue to work with L&Q to support the
handover to Ed in the new year and begin an advisory role focused
on initiatives exploring opportunities to facilitate increased
investment in affordable housing.
For further information, please
contact:
investors@lqgroup.org.uk
James Howell, Director of
Partnerships
020 8189 1596
www.lqgroup.org.uk
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