46QW Peabody 5.25%

Peabody appoints new Chief Financial Officer

Peabody Group (including Peabody Trust, Peabody Capital PLC, Peabody Capital No.2 PLC)

Peabody has appointed Phil Day as its new Chief Financial Officer. 

A Fellow of the Institute of Chartered Accountants in England and Wales, Phil brings over 20 years of senior experience in social housing, including 8 years in various senior finance roles at Peabody and 7 years as the Group Finance Director for the Guinness Partnership.  

Phil will rejoin Peabody on 2^nd September, with a strong track record of success and a wealth of experience in financial and risk management. Eamonn Hughes will remain in post until the end of June.

Phil Day, Peabody's Incoming Chief Financial Officer said "Having started my career in social   housing with Peabody in 2002, I'm delighted to have been appointed. The values and mission are consistent with how I approach my work and I'm committed to upholding these in my new role. The organisation has a great heritage which needs to be preserved and enhanced for future generations. Strong finances and robust long-term planning will help achieve that and I can't wait to get started."

Ian McDermott, Peabody Chief Executive said "Phil brings a significant amount of relevant experience. He's been working at the most senior level in the sector for several years and is well placed to ensure that we maintain a robust approach to financial and risk management. This will give us the platform to keep investing in residents' homes and in locally focused services and sustainable places. I look forward to welcoming Phil back to Peabody at the start of September and I will work closely with Eamonn, Phil, and the strong finance leadership team as we manage a smooth transition over the coming months."

David Hardy, Chair of Peabody's Finance and Treasury Committee added "I'm very pleased to welcome Phil to the Executive Team. His experience and commitment to sustainable finance will support the organisation and benefit Peabody residents for the long term. He knows the sector as well as anyone and is well placed to maintain Peabody's resilience at the same time as financing our transformation and improvement. I know he'll hit the ground running and I very much look forward to working with him." 

Contact: Anthony Marriott, Director of Treasury & Corporate Finance or Ben Blades, Assistant Director Corporate Affairs.