The CEO of property firm Miller Group has announced he is to step down later this year.

Following more than 20 years as Chief Executive of the Edinburgh-based company, Keith Miller CBE has said he will leave the role at the end of March.

In a statement, he said the "time was right" to step aside.

It is understood his position will not be filled after he leaves. Rather, the chief executives of the Group's three divisions – Miller Homes, Miller Developments and Miller Mining – will report directly to the board.

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Mr Millar explained: "We have strong management teams in place in Miller Homes, Miller Developments and Miller Mining, each of which is led by its own Chief Executive.

"I am looking forward to being able to report further impressive performance from Miller Homes and our other businesses when we announce our Final Results for 2014 in a few weeks' time.

"The Group has experienced tremendous growth over the past three years and the time is right to pass the leadership of our businesses to the respective management teams."

(JP/IT)