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Mears chief executive to transition towards retirement
The chief executive of Mears Group has announced his intention to begin transitioning towards retirement after 26 years at the organisation.
In a trading statement, the housing management and repairs firm confirmed that David Miles will be leaving the organisation and is set to be replaced by Lucas Critchley, its current chief operating officer.
Before assuming the role of chief executive, Mr Critchley will spend a period working alongside Mr Miles.
Mr Miles joined Mears in 2004 and has since held a number of senior roles across the group, such as managing director of its social housing division and chief operating officer. He was made chief executive in 2010.
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Kieran Murphy, chair of Mears, said: “David has been critical in leading Mears’ successful growth and development story over very many years, and the board takes this opportunity to recognise his endeavour and achievements.
“Over the past few years, Lucas has been a key member of the senior executive team. The board is pleased that he has agreed to lead Mears on David stepping aside, ensuring continuity and stability in maintaining the group’s growth and development.”
In its trading update, Mears confirmed that its financial results for the first four months of 2022 are ahead of expectations, adding that the board is “increasingly confident in the outturn for the full financial year”.
The strong performance was driven in particular by “continued elevated revenues in its management-led activities, improving operating margins and excellent cash performance”, the group said.
This comes despite major problems facing the management and repairs sector currently, such as price inflation and skills shortages.
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