Persimmon chief executive steps down amid ongoing pay scandal

By Frances Ivens2018-11-07T09:00:00

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.”

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue