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.”
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts