Directorate
Change & Committee Composition Update
Appointment of
Independent Non-Executive Director
Dublin/London,
21 November 2024: Cairn Homes plc (“Cairn” or “the Company”) is
pleased to announce the appointment of Ms. Orla O’Connor as an
independent non-executive Director, effective 1 January 2025.
Following her appointment to the Board, Orla will become a member
of the Audit & Risk Committee and the Remuneration
Committee.
Orla O’Connor
Biography
Orla is the Chair of Arthur Cox,
one of Ireland’s leading law firms, and a Partner in their Finance
Department. She was appointed as Chair of Arthur Cox in 2019 for a
term running until 2025 and previously served on the firm’s
Management Committee for five years.
Orla brings over 25 years’
experience in financial transactions across the finance, property,
and private equity sectors to the Board. She is a member of the
Electoral Committee at the Football Association of Ireland, a
member of the Board at AsIAm and Focus Ireland, and a member of the
Council of Chartered Accountants Ireland. Orla has an LL.B degree
from Trinity College and a B.C.L. degree from Oxford
University.
Ongoing Board
Succession
The appointment of Orla is
another positive step in ensuring the orderly succession of the
Board to support the business in its next stage of growth,
following the appointment of Mr. Bernard Byrne as an independent
non-executive Director and Chair-Designate, which will also be
effective 1 January 2025. As previously announced, Gary Britton,
who has been on the Board since the Company’s IPO, will step down
as a non-executive Director at the end of this year. There will
also be orderly succession on Board Committees, with Orla joining
two Board Committees, the Audit & Risk Committee and the
Remuneration Committee. The below table reflects the new composition of each
Committee following the changes and will be effective 1 January
2025.
|
Audit &
Risk Committee
|
Nomination
Committee
|
Remuneration
Committee
|
|
Orla O’Gorman (Chair)
|
Julie Sinnamon (Chair)
|
Linda Hickey (Chair)
|
|
Linda Hickey
|
Giles Davies
|
Giles Davies
|
|
Orla O’Connor
|
Orla O’Gorman
|
Orla O’Connor
|
|
Julie Sinnamon
|
|
|
John
Reynolds, Chairman of Cairn said: "Orla’s appointment
underscores our commitment to ensuring the Board’s composition
continues to evolve, and is comprised of Directors with a diverse
set of skills, background and expertise. A proven leader in her
sector, Orla brings extensive legal and financial expertise to the
Board, and her strategic development track record is a significant
addition as Cairn executes its next phase of growth.
On behalf of
the Board and on a personal basis, I would also like to thank Gary
for his significant contribution and support over the past nine
years. Gary has offered invaluable insight at the Board throughout
Cairn’s growth and development since its IPO, and has been an
exceptional Chair of our Audit & Risk Committee. We are
grateful for his dedication, and we wish him well for the
future."
There are no disclosures required
to be made pursuant to Rule 6.1.66 (2) to (6) of the Euronext Dublin Listing
Rule Book II.
-ENDS-
For further
information, contact:
Cairn Homes
plc +353 1 696 4600
Tara Grimley, Company
Secretary
Drury
Communications +353 1 260 5000
Billy Murphy
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.15,900 unit
landbank across 36 residential development sites, over 90% of which
are located in the Greater Dublin Area (“GDA”) with excellent
public transport and infrastructure links.
