MJ Gleeson (GLE) chief executive Jolyon Harrison has stepped down from his role and left the company with immediate effect over the failure of remuneration and succession planning talks to find a “mutually acceptable” way for him to continue.
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James Thomson, a former chief executive of private equity-owned housebuilder Keepmoat Homes, has taken up the position on an interim basis. The board reaffirmed full-year trading guidance was in line with expectations. Analysts at Peel Hunt downgraded the stock to ‘reduce’ from ‘hold’, on the back of Mr Harrison’s exit and a strong run in the shares so far this year.
