Home builder Cairn Homes has appointed Richard Ball as its new chief financial officer. He will take up his new role in April.
Mr Ball will replace Shane Doherty at the company after Mr Doherty announced his intention to step down as CFO last October, with an agreement to remain on the board to support the transition to his successor.
Mr Doherty will not seek re-election at Cairn's upcoming AGM and will leave the company in the third quarter of this year, following an orderly transition of responsibilities to the new CFO.
Richard Ball has over 18 years of experience in the Irish property market and joins Cairn from Urbeo Residential, where he was a partner with responsibility for all finance and investment functions of the business.
Before that he served as Chief Investment Officer at Hibernia REIT for a period of five years from its IPO. He also previously held several corporate finance roles at various organisations including at commercial property company, Clancourt Group.
John Reynolds, Chairman of Cairn, said Mr Ball's experience in residential and other property sectors, in roles that cover finance, capital markets and sustainability, will be invaluable, given Cairn Homes' momentum and trajectory, as it continues to focus on driving shareholder value.
"We would also like to again recognise Shane Doherty's very significant contribution to Cairn and to thank him for his commitment to stay in role as part of an orderly transition to his successor," he added.
