Housebuilder Story Homes has promoted chief operating officer Colin Wood to the role of chief executive and announced that it plans to increase output by almost 50% over the next three years.

Wood joined the Carlisle-based business as a regional managing director in 2018 and became COO the following year. He worked for Gentoo Homes for five years before moving to Story, latterly as managing director.

Story Homes founder and chairman Fred Story said Wood had played a “significant role” in ensuring the success of the business since he joined and had been “instrumental” in the introduction of new processes and redesigned house types.

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