Previous position holder Neil Stoddart retired recently
Cala Group has announced the appointment of Michael Rice as chief financial officer.
Rice started at Cala at the end of June, having previously been chief financial officer of Irish homebuilder Glenveagh Properties for eight years.
He began his career at KPMG in Ireland before moving into the sector as group financial director of Kingspan Group in 2015.
At Glenveagh Properties, which he joined in 2017, Rice grew the business from around 50 employees to a staff of 650 people and €900m (£781m) in revenue in 2024.
His appointment follows the recent retirement of Neil Stoddart, who was group finance director at Cala from 2018.
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Kevin Whitaker, chief executive of Cala, said: “Michael’s experience in homebuilding, combined with his strategic and corporate finance expertise, makes him an excellent fit for Cala as we work to achieve our ambition of delivering over 4,000 homes annually by 2029.
”I am delighted to welcome him to the team and look forward to the contribution he will make to our business.”
Last autumn, Cala was sold by L&G to US private equity firm Sixth Street and former owner Patron Capital for £1.4bn.
Rice said: “I’m thrilled to be joining Cala at such an exciting time in its journey. The company has a strong reputation for quality and integrity, and I’m looking forward to working with the leadership team to help shape and deliver the next phase of growth and strategic priorities.
”With the backing of Sixth Street and Patron Capital, Cala is well-positioned to build on its success and continue providing exceptional homes across the UK.”
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