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15 February 2022

Stonebond appoints Cara Ryan as first Non-Executive Director

Family-owned housebuilder Stonebond has appointed Cara Ryan as its first Non-Executive Director.

Ryan holds more than 20 years’ boardroom experience with both Plc and private companies, with many of these operating in housebuilding and construction.

She is currently Non-Executive Director of Glenveagh Properties Plc, a leading Irish housebuilder which has successfully developed and grown its own partnerships activity. Glenveagh is Listed on Euronext Dublin and the London Stock exchange.

Together with her construction experience, she will help to advise Stonebond in areas concerning Risk, Audit and Governance, as the business continues to grow.

Commenting, she said:

“I’m delighted to be working with Andrew and his team. I’ve been very impressed by the culture and direction within Stonebond; there’s a clear vision for growth whilst the company can draw on the wisdom and experience of its founders, Richard and Graham Cherry.

“My building and partnerships expertise will be of help to the business as it increasingly delivers more mixed-tenure developments with Registered Providers and local authorities. The Stonebond product is outstanding and relationships with the supply chain are excellent. All of this adds up to a very exciting offer and I’m delighted to take on this new role.”

Andrew Cornelius, Group Chief Executive of Stonebond, added:

“We are delighted to welcome Cara to the Board, her significant skills and experience within the housebuilding sector will be of great value as we continue to grow our Partnerships business. We have significant growth plans – this year we are expecting to deliver more than 400 homes and anticipating £100m of Group Revenue, whilst we have made clear our intentions to list the business by 2025 – and Cara’s Risk and Governance experience will be equally valuable during this time.”

Stonebond was established over 40 years ago and is privately funded by the Cherry family. The business has grown significantly in the past 18 months, including the establishment of five new operating regions.

Stonebond has been increasingly working in partnership with local authorities, PRS Investors and Registered Providers, having originally built a reputation for delivering high-quality new homes predominantly in Essex. In a short period of time, staff numbers have grown from 45 to over 80 employees in the last 12 months, with the company’s headquarters in Chelmsford refitted to accommodate the growing team.

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