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MJ Gleeson makes stand-in CEO permanent

Chairman Dermot Gleeson said James Thomson “has already made a significant impact at Gleeson”

MJ Gleeson -

MJ Gleeson PLC (LON:GLE) has decided to give its stand-in boss the job on a permanent basis, after a pay spat led to the North and Midland-based housebuilder parting company with its previous chief executive.

James Thomson, who was given the job of interim CEO in June, was on Monday confirmed as the board’s choice, after emerging as “the clear choice to lead the business”.

Chairman Dermot Gleeson said Thomson, formerly CEO of Keepmoat Homes, “has already made a significant impact at Gleeson”.

For his part, Thomson said: “My experience, since joining the business in June, has re-affirmed my belief that Gleeson has an exciting future ahead and I look forward to working with my very talented and dedicated colleagues to deliver it.”

His predecessor, Jolyon Harrison, left after a disagreement with the board about his remuneration and succession planning.

Quick facts: MJ Gleeson

Price: 660 GBX

LSE:GLE
Market: LSE
Market Cap: £383.25 m
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