Glenveagh Regulatory News (GLV)

5 September 2024

Glenveagh Properties plc

Glenveagh Properties plc Announces CFO Transition

Glenveagh Properties plc ("Glenveagh" or the "Group") a leading Irish homebuilder today announces that Michael Rice has informed the Board that he is stepping down from his role as Executive Director and Chief Financial Officer ("CFO") of Glenveagh to pursue other interests. Michael will step down from the Board on 31 December 2024 but will remain with Glenveagh into 2025 to ensure a smooth transition.

Michael will be succeeded in the role of CFO by Conor Murtagh, who is currently Chief Strategy Officer and a member of the Group's Executive Committee. As part of the CFO transition period, the Board will undertake a nomination process in respect of Conor's potential appointment as an Executive Director.

Stephen Garvey said:

I would like to express my deep appreciation for Michael, whose unwavering dedication and exceptional expertise over the past seven years have played a pivotal role in advancing our company to its current position. His hard work and commitment have not only contributed significantly to our success but have also set a strong foundation for the future. We owe much of our progress to his efforts, and we all here at Glenveagh wish him the very best in all his future endeavours.

I am delighted that Conor has agreed to continue to work with the business in the capacity of CFO. Over the past six years, Conor has been a vital part of Glenveagh, consistently demonstrating exceptional leadership, dedication, and a deep understanding of our business and its success drivers. I am confident that Conor will continue to play a crucial role in driving our future success."

Michael Rice added:

"I would like to thank the Board, Stephen and the rest of the senior management team for their support in my time as CFO and Director of Glenveagh and I am very proud of what we have achieved together over the last seven years. I feel now is the right time to move on to new challenges and opportunities. I have every confidence in the future success of the business, and I wish the team the very best for the future."

Conor Murtagh added:

I am excited to assume the role of CFO at Glenveagh. Over the years, I have had the privilege of working closely with the exceptional team at Glenveagh, and I am committed to advancing our shared vision and building on the strong foundation we have established.

ENDS

Notes to editors: 

About Conor Murtagh:

Conor joined Glenveagh in 2018 as Director of Strategy & IR and was appointed Chief Strategy Officer in 2021 where he led the group's Strategy and Corporate Development efforts alongside responsibility for People, L&D and Environmental Health & Safety and Sustainability. Conor joined Glenveagh with over 10 years corporate finance experience from Investec where he advised corporates, PLCs and private equity clients on mergers and acquisitions, disposals, fundraisings and financings.

A fellow of the Association of Chartered Certified Accountants, Conor holds a BBS (Hons, 1st class) in Business Studies from Dublin City University.