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Finance boss at Peabody to step down after five years
Eamonn Hughes, chief financial officer at Peabody, is to leave the organisation at the end of this financial year to relocate to Spain with his family.
In an update to the markets today, the 104,000-home landlord announced that Mr Hughes would be departing after five years at the company and three as chief financial officer.
The G15 member, which provides homes across London and the Home Counties, said that the process to appoint his successor would begin “in due course”.
Mr Hughes, a former executive at house builder Berkeley, was promoted from finance director to interim chief financial officer in February 2020, taking over from Susan Hickey.
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He was given the role on a permanent basis in May 2020.
Mr Hughes said: “I’ve spent a fantastic five years at Peabody and am proud of what we’ve achieved together. I know the organisation will go from strength to strength with the financial expertise that’s in place at board, executive and leadership level and within the finance team.
“This is a family decision to relocate to Spain, my wife’s home country, and I wish all my Peabody colleagues, friends in the social housing sector and the many partners and collaborators I’ve worked with over the years, well.”
Ian McDermott, chief executive of Peabody, said: “I’m grateful to Eamonn for his support since I joined Peabody. He’s achieved a great deal, navigating the impact of the pandemic and ensuring we were in a good position to support our residents and colleagues through difficult times.
“He issued Peabody’s first sustainable bond and led our efforts to balance spending on safety, services, sustainability and the supply of much-needed new social homes.
“He ensured the organisation is financially robust and a grade A investment proposition, and his stewardship means we’re in a strong position to keep investing in our homes, places and local Peabody.”
