Persimmon names Galliford Try director as new CFO

Persimmon has appointed Galliford Try’s Andrew Duxbury as its new chief financial officer.

Duxbury will join the homebuilder next year, having served as Galliford Try’s group finance director for almost five years.

His appointment follows the departure of Persimmon’s Jason Windsor in September to become CFO at asset manager Abrdn.

Since then, interim responsibility for the finance function has fallen to group chief executive Dean Finch, supported by group financial controller Mike Smith.

Persimmon chair Roger Devlin welcomed Duxbury to the role, saying: “Andrew has extensive experience as a finance director in the construction and housebuilding industry, which will be an invaluable asset to Persimmon as we continue to provide good-quality homes for families across the UK and position the business for future growth.”

Duxbury, who spent 16 years at audit and consultancy giant PwC before joining Galliford Try, said he was looking forward to taking up the role next year.

“This is a great opportunity to join a business working to deliver quality homes across the UK,” he said.

Duxbury added that he would depart from Galliford Try with a healthy balance sheet and in the hands of an experienced team.

“Galliford Try is a fantastic company, which I will leave in a really strong position to continue its sustainable growth,” he said.

Galliford Try said the search for Duxbury’s successor was underway and an update would be provided in due course.

“During this process, Andrew will remain focused on the delivery of the group’s performance and sustainable-growth strategy, as well as ensuring a smooth and effective transition of his roles and responsibilities,” it said.

Chief executive Bill Hocking paid tribute to Duxbury’s part in the business’s success.

“On behalf of the board, I would like to thank Andrew for the contribution he has made since the successful divestment of the housebuilding business in 2020 and in supporting the group’s year-on-year, sustainable growth,” he said.

Last year, Duxbury was named as one of construction’s top 20 best-paid executives, with a basic salary of £367,000 and a total package worth £760,000.

The previous year, Galliford Try defended a £250,000 bonus paid to Duxbury after shareholders objected to the fact that half of the sum was based on the successful sale of Linden Homes to Bovis in 2020.

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