City briefs: MJ Gleeson and Xeros
Sheffield-headquartered house builder and land promoter, MJ Gleeson, has appointed Guy Gusterson as managing director of Gleeson Land, the Group’s land promotion division.
He has over 25 years of industry experience, including 16 at St Modwen Properties plc.
At St Modwen, he was a member of the Executive Committee and latterly managing director for Strategic Land & Regeneration, where he oversaw the development of the capital light strategic land division.
Prior to this, he held senior positions at Crest Nicholson and Laing Homes.
James Thomson, chief executive officer at MJ Gleeson, said: “With a wealth of sector experience, Guy will accelerate Gleeson Land’s growth once market conditions normalise and continue to build on its track record of success and strong industry relationships.”
Gusterson added: “I am proud to join Gleeson Land. As one of the country’s largest land promotion businesses, I have long-admired the company which is primed for growth once macro-economic conditions improve.
“I am very much looking forward to playing my part in this exciting future growth.”
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Cleaning technology business, Xeros, says its chief financial officer and company secretary, Paul Denney, will step down from the Board on 28 February 2023.
A search process for his replacement will begin immediately.
In recognition of his contribution to the business over his six years of service, the company’s Remuneration Committee will allow Denney to keep 1,055,182 unapproved options granted to him in November 2022 under the terms of the Unapproved Scheme and to waive all vesting criteria attaching to those options.
Discretion to do so is permitted under the terms of the schemes. All other options held by Denney will lapse according to the terms of the schemes.
Neil Austin, chief executive officer of Rotherham-based Xeros, said: “Through his leadership of the finance function and as a Board member and company secretary, Paul has played an important role in the evolution of the business over the past six years and through challenging economic conditions.
“On the eve of the company’s next chapter, he leaves us well placed to continue the commercialisation of our portfolio of technologies.
“On behalf of everyone at Xeros I would like to thank Paul for his significant contribution.”
