Pain to step down from Barratt FD role
Mark Pain is to resign as Barratt's finance chief in the wake of 'what has become an intensely difficult market,' the company said
Mark Pain, group FD has decided to step down from his post as FD of building
giant Barratt Developments.
Pain said that after 10 years of serving on company boards as an executive
director he was now going to ‘pursue a wider portfolio of business and personal
interests, including additional non executive roles.’
His decision comes as the building sector continues to be one of the most
severely affected by the credit crunch.
Barratt’s chairman, Bob Lawson, said: ‘We are sorry that Mark has decided to
leave the company and on behalf of the Board I would like to thank him for the
outstanding contribution he has made to the business, particularly during what
has become an intensely difficult market.’
Pain will part ways with Barratt on 30 June 2009, the end of the company’s
financial year.
The search for a new FD is underway and an announcement will be made once the
process is wrapped up, Barratt added.
Further reading:
Profile:
Mark Pain, FD of Barratt