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PA Housing appoints interim chief executive from major accountancy firm
PA Housing has appointed a new chief executive from one of the Big Four accountancy firms on an interim basis.
The 24,000-home landlord has appointed Michael McDonagh on a temporary basis following last week’s news that incumbent Dilip Kavi will retire at the end of March after around six years in the role.
In a stock market update, the association said it had taken the decision in recognition of the “short-term needs of both the sector and PA Housing”.
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The landlord, which manages properties across the East Midlands, London and Surrey, said the decision will increase its short-term executive resource and capability, and aid the transition while it searches for a permanent replacement.
Mr McDonagh has spent most of his career at KPMG, the accountancy firm where he was the UK chief operating officer.
PA Housing said he has worked extensively across the social housing sector, and he will bring this experience to the position, alongside a strong commercial focus.
The landlord announced last month that it had secured £75m of funding to build new affordable homes and upgrade the energy efficiency of its existing properties.
It made the deal with Lloyds Bank to help it deliver homes for social rent, affordable rent and shared ownership.
According to PA Housing, the properties will go beyond current energy-efficiency regulations for rented homes and have an energy performance certificate (EPC) rating of at least B.
