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London-based housing association chief steps down after 18 years
The boss of a London-based housing association has announced his decision to step down after nearly two decades at the helm of the organisation.
Grahame Hindes, chief executive of Octavia, will retire from the 5,000-home organisation in the summer after 18 years heading up the association.
Mr Hindes said it was time for him to “move on to a new adventure”, with the company confirming the recruitment for his successor would begin shortly.
Last August Standard & Poor’s awarded Octavia an A+ rating with a stable outlook, reporting that the company had shown “solid economic fundamentals and robust asset quality”.
The rating for the west London-based association came ahead of a planned £100m bond issue later this year, partly to fund a development pipeline of 1,000 homes over the next five years.
Mr Hindes said: “I strongly believe in Octavia, its mission and its social purpose, and I am hugely grateful to everyone who has supported our growth and mission during my tenure.
“This is a great organisation with a real role today that is no less important than when we first established.”
