Persimmon chief executive steps down amid ongoing pay scandal

Jeff fairburn persimmon

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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