Stewart Milne has stepped down as chief executive from his company.

The move comes as the housebuilding firm continues with its expansion plans.

It is understood that Mr Milne will remain with the Aberdeenshire-based business and will provide overall leadership as executive chairman. His role will focus on long-term strategy and business planning.

Stepping into the role of chief executive, will be former group managing director Glenn Allison, who will be responsible for strengthening the group's homes and timber systems divisions. The firm plans for growth include a 40% rise in the number of orders for timber systems, as well as the delivery of up to 5,000 new homes in Scotland and the north-west of England in the next three to five years, it has been reported.


Mr Milne is quoted as saying: "Over the past few years as the economy has been picking up and confidence in our sector has been improving, we have been taking steps to ensure we are in the best possible position to capitalise on the upturn in house building and realise our growth ambitions.

"The time is now right for us to announce our strategic intent by formalising these plans which include Glenn formally taking up the mantle of CEO, a role which he has, to a certain extent, already been fulfilling during this period."

(JP/IT)