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Chief executive of 45,000-home landlord set to step down after six years
The chief executive of a large housing association has decided to step down after six years in the role.
Orbit boss Mark Hoyland is set to leave the top job in spring 2023. He will take on another chief executive role outside the sector.
The board of the 45,000-home landlord, based mainly in the Midlands, expects to announce a successor early in the new year.
According to Orbit, during his time at the helm, Mr Hoyland built a strong leadership team, oversaw the implementation of a new corporate strategy for the landlord, and delivered more than 6,600 new homes.
The association also invested over £30m in community projects.
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David Weaver, chair of Orbit, thanked Mr Hoyland for “his clear leadership and focus”.
“He has been pivotal in shaping the group’s strategy and building a customer-centric culture, and under his tenure we have seen Orbit deliver the strongest set of financial results.
“He leaves behind him an experienced and established leadership team who will continue to drive Orbit forward,” Mr Weaver added.
Mr Hoyland said he was “proud” of Orbit’s achievements.
“We have built a financially strong business and a robust and resilient operation, and I would like to thank the board and executive team for their support and commitment to our vision,” he said.
The outgoing boss added that he was confident Orbit will continue to go from “strength-to-strength as a result of its people and values-led performance driven culture”.
The announcement follows the publication of the association’s annual report and accounts for the financial year to 31 March 2022. Orbit’s housing completions increased by 19% to 1,013, though it was under what it forecast (1,141).
It had a group turnover of £374m – an increase of £19m compared with the prior year.
