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PA Housing gives top job to interim appointee
PA Housing has made Michael McDonagh its permanent chief executive after his interim appointment at the end of last year.
Mr McDonagh took on the top job at the 24,000-home landlord in December on an interim basis, moving from one of the Big Four accountancy firms. A stock market update today confirmed that position has been made permanent.
He replaces Dilip Kavi, who announced in the same month that he would retire at the end of March after around six years in the role.
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The landlord, which manages properties across the East Midlands, London and Surrey, said it made Mr McDonagh’s appointment permanent as he “has extensive experience of the social housing sector, having been an advisor to some of the biggest housing associations in England, with over 20 years at KPMG”.
Mr McDonagh has spent most of his career at KPMG, the accountancy firm where he was the UK chief operating officer.
Earlier this week, PA Housing revealed it had transferred the ownership of a supported housing scheme to a newly registered provider that was set up by a London-based charity working with those experiencing homelessness.
The landlord announced in November 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 Band B.
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