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Cairn Homes' CFO to step down next year

Shane Doherty has been the Cairn's CFO for the last four years
Shane Doherty has been the Cairn's CFO for the last four years

Housebuilder Cairn Homes said today that its chief financial officer Shane Doherty intends to step down from the role in the second half of next year.

Mr Doherty has been the company's CFO for the last four years.

In a statement, Cairn said that Mr Doherty will stay with the company for a transition period of up to six months beyond his contractual six month notice period.

It said this will ensure an orderly succession and will support the company with a smooth transition of responsibilities to his successor after their commencement in the role.

Cairn said it will start the search process for a new CFO imminently.

Michael Stanley, CEO of Cairn, said that Mr Doherty had played a central role in the company's growth and success over the last number of years.

John Reynolds, Chairman of the Board of Cairn, said the health of the business and Cairn's financial position today is testament to Mr Doherty's diligence, hard work and commitment to Cairn.