MJ Gleeson appoints Stefan Allanson as new chief financial officer

Keepmoat deputy CFO steps into new role following the departure of Alan Martin to pursue other opportunities

Gleeson Homes has opened a second north east office at Wynyard Park. Pictured is the Gleeson Team, with Regional Director, Ed Alder on the far right of the picture
Gleeson Homes has opened a second north east office at Wynyard Park. Pictured is the Gleeson Team, with Regional Director, Ed Alder on the far right of the picture

Affordable homes specialist MJ Gleeson, which has two offices in the North East, has appointed a new chief financial officer.

Stefan Allanson will begin his time with the company as CFO Designate on June 29, with his formal appointment as CFO becoming effective on July 31.

From the same date, he will also hold the role of company secretary.

For more than two and half years, Mr Allanson, a chartered management accountant, has been Deputy CFO of Keepmoat Limited, a £1bn turnover construction, property services and housing development group.

During his time with the company, he has led a transformation of the central finance function, following a business merger and refinancing, completed in October 2012, and has helped lead Keepmoat through a period of strong, profitable growth.

Mr Allanson has experience in both UK listed and private equity owned businesses.

Having begun his career at ICI, he has held senior finance roles at the polymer specialist The Vita Group, speciality chemicals business BTP plc and motor manufacturer Honda.

His appointment follows Alan Martin’s decision to leave Gleeson, in order to pursue other opportunities, following the board’s decision to relocate all of the group’s finance function to Sheffield.

Gleeson chief executive Jolyon Harrison said: “We are delighted that Stefan is joining us.

“He has a strong financial and commercial track record within fast growing companies, and he knows our industry very well. I’m looking forward to working with him.

“On behalf of everyone at Gleeson, I’d like to thank Alan once again for his significant contribution over the last eight years and, in particular, the important role he has played in the repositioning and revitalisation of the group.

“We wish him all the very best for the future.”

Gleeson specialises in providing low cost homes for people on lower incomes, offering a range of schemes to help first time buyers onto the property ladder.

The company recently reported a doubling of operating profits to £12.1m in 2014 and expanded its North East presence with a new regional office at Wynyard Park in Teesside.

Gleeson also has an office at Chester-le-Street.

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