Persimmon chief executive Jeff Fairburn has stepped down at the request of the company in the wake of continuing controversy surrounding his pay.
In a statement to the London Stock Exchange this morning the company said: “Jeff has been a successful leader of the business since his appointment in 2013, but the Board believes that the distraction around his remuneration from the 2012 LTIP scheme continues to have a negative impact on the reputation of the business and consequently on Jeff’s ability to continue in his role.”
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