Crest Nicolson Holdings PLC (LON:CRST) has appointed a J Sainsbury PLC (LON:SBRY) executive as its new group finance director.
Duncan Cooper, the director of group finance at Sainsbury’s, will replace Robert Allen, who left the company in October 2018 following a profit warning.
READ: Crest Nicholson still struggling in London but says build cost inflation has moderated
Copper, who has also held finance roles at Sky PLC (LON:SKY), GlaxoSmithKline PLC (LON:GSK) and Deloitte LLP, will help the housebuilder in its turnaround plan.
Chairman, Stephen Stone, said: "We are delighted to be welcoming Duncan onto our Board and are confident that he will be a key contributor to our business, bringing a range of senior finance, investor and operational experience as we continue to embed our strategy of prioritising cashflow and dividends, maximising value in the portfolio, and improving operational efficiency."
Crest Nicholson is among housebuilders that have been under pressure from a decline in prices as demand waned amid Brexit uncertainty. Rising costs have also weighed on the company.
In January, the group said 2018 had been a challenging year in a difficult market as it revealed a 15% fall in profits on weaker margins.