Bovis Homes snaps up former Balfour Beatty boss

Bovis Homes has snapped up Ian Tyler, the former boss of Balfour Beatty, as its new chairman to replace Malcolm Harris, who is retiring. Ian Tyler has spent over 20 years involved with the construction industry and is also a non-executive director at BAE Systems as well as chairman of the audit committee at Cable & Wireless Communications.

Chief executive, David Ritchie said:

I am extremely pleased that Ian is joining the Board as non-executive Chairman and look forward to working with him as the Group continues the ongoing successful execution of its growth strategy and the delivery of improving shareholder returns. I would like to thank Malcolm Harris for his leadership and guidance over many years, in particular as Chairman over the last five years, supporting me in my role as Chief Executive. I wish him all the very best for the future.

Meanwhile, Bovis Homes has announced the launch of a £250m convertible bond to repay short-term debt.