Scandal-hit York house building giant Persimmon plc said on Monday that outgoing CEO Dave Jenkinson sold 50,000 shares in the company at a price of £26.21 per share on July 16, 2020.

Persimmon said that following this transaction, Jenkinson holds 733,290 shares in the company including 108,937 and 44,791 shares to be held until at least October 15, 2020, and June 3, 2021 respectively.

Last month, Persimmon said it appointed National Express boss Dean Finch as its new group chief executive.

Finch, 53, who has been CEO of National Express plc since 2010, will succeed Jenkinson as CEO of Persimmon at the end of this year. 

Persimmon was warned last year to change its corporate culture by an independent review following serious complaints about its executive pay, customer service and the safety of its homes. 

Former Persimmon CEO Jeff Fairburn left the firm amid a scandal over his $100 million package.