(Alliance News) - Health and social care property developer Ashley House PLC on Wednesday said it has appointed its biggest shareholder Adrian Wright to board.
Wright, who will join the company as a non-executive director, currently owns 13.4% stake in the company. He is the director of recruitment agency Wahoo Sales Ltd.
Christopher Lyons, chair of Ashley House, said: "Adrian has been an active shareholder for a number of years and we are delighted to invite him to join the board as a non-executive director. He has an ambitious approach to business, sharing our passion to maximise stakeholder value. As well as providing an existing shareholder's viewpoint, Adrian has a range of skills which will be helpful to the business as it develops and implements its new strategy."
This comes after the company said Tuesday it will be exploring financing options as it was revising its strategy to focus on developing property schemes in the health and well-being sector.
Shares in Ashley House were down 7.7% at 2.40 pence per share on Wednesday afternoon in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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