London-based property association RHP has launched a search for a new chief executive after announcing that its current longtime boss is stepping down.
London-based housing association RHP has launched a search for a new chief executive after announcing that its current longtime boss is stepping down #UKhousing
The 11,000 home owner, who operates homes in London, said chief executive David Done will leave at the end of March next year.
Done has led the RHP since 2000, when he was responsible for establishing the group after a large-scale voluntary transfer from the London Borough of Richmond-upon-Thames.
Done’s departure will be the second major change at the top of the RHP in recent times, after naming Simon Devonshire as its new chairman last summer.
Devonshire said Done was an “exceptional chief executive and will be greatly missed by his colleagues and the group’s board”.
In its announcement to markets yesterday about the move, RHP said it was starting the search for a new chief executive to replace Done “before he leaves”.
In its last reported full year to March 2021, RHP saw its group surplus nearly triple to £11.5m, with earnings rising to £64.3m. It currently has the highest rating of G1/V1 with the English regulator.
The group plans to build around 1,500 homes over the next 10 years.