Redrow hires Akers as chair to succeed Tutte

Flintshire-based house building giant Redrow plc announced it has agreed to appoint property industry veteran Richard Akers as its new nonexecutive chair to succeed John Tutte.

“Richard will join the board as chair designate and as an independent non-executive director on 1 June 2021.” said Redrow.

“Richard will work closely with John Tutte during a handover period and Richard will assume the role of chair following the announcement of the company’s 2021 Full Year Results on 15th September 2021, at which time John will stand down from the board.

John was appointed as vhairman of the board on 1st April 2019 following the retirement from the business of Steve Morgan, the company’s founder.

“As announced on 5th February 2020 the company confirmed that it was the intention of John to retire from the board ahead of the 2021 AGM and in its 2020 Annual Report, it reported that it had commenced a search for a new chair, led by Nick Hewson, the senior independent director.”

Akers has spent his entire career in the property and land acquisition industry, latterly as a director of Land Securities plc, the UK’s largest commercial property company.

Since retiring in 2014 from Land Securities plc he has held a number of non-executive roles.

Akers currently holds independent non-executive roles at Unite Group plc and Shaftesbury plc where he is senior independent director, and until recently having completed nine years, held a non-executive role at Barratt Developments plc. 

As well as his role as a non-executive director and chair designate, Akers will also serve on the nomination committee — which he will chair in due course — and the remuneration committee of the board.