Bellway group finance director to retire

Bellway’s group finance director Keith Adey is to step down from the housebuilder’s board.

The company said that Adey, who has been in his role for more than 12 years, would retire from full-time executive work following the appointment of his successor.

He will remain in his post during the “thorough recruitment process". Bellway anticipates that this process and handover will conclude in early 2025.

Adey’s career includes more than 15 years at Bellway in total.

Bellway has also announced the appointment of Simon Scougall to the board in the newly created executive role of chief commercial officer. He will take up his post on August 1. Scougall is currently Bellway’s group general counsel and company secretary and is a member of the group executive committee.

Scougall has been with Bellway for more than 13 years in a number of senior positions.

On his retirement, Adey said: “It has been an honour and a privilege to serve as group finance director for Bellway, a tremendous company with great prospects, for over 12 years. I am extremely proud of, and grateful to, my colleagues for everything we have achieved together.

“While the process to appoint my successor is …