Homeserve reveals appointment of new chairman as FTSE 100 firm targets growth

Naomi Ackerman
·1 min read
<p>The firm was promoted to the FTSE 100 last March (HomeServe)</p>

The firm was promoted to the FTSE 100 last March (HomeServe)

Home repairs and improvements company Homeserve named its new chairman on Wednesday.

The Walsall-based company announced that Tommy Breen, a former boss of FTSE 100 sales and support services group DCC, will succeed Barry Gibson as chairman.

Gibson signed up for a final term in April 2019 and has held the role for a decade. He is now off to chair Entain, the firm behind Ladbrokes.

Breen joins the board of the firm - which was promoted to the FTSE 100 last March -as a non-executive director with immediate effect, and will take up the role of chairman in May.

Breen said: “I am very much looking forward to joining HomeServe and working with Richard, his executive team and my new non-executive colleagues to deliver the company’s exciting growth potential.”

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Gibson said that it “really has been a privilege to be part of HomeServe’s development since it de-merged from South Staffs Water in 2004”, and that it is “really satisfying to leave HomeServe in the hands of a talented executive team, supported by an engaged and experienced board”.

Founder and chief executive Richard Harpin, who launched the company 27 years ago, praised Gibson for having chaired the firm with “dedication and skill” and said he had found a “strong successor” in Breen.

The company, which runs the Checkatrade website alongside a round-the-clock emergency repairs business, said in November that it saw revenues of £536.7 million in the six months to September 30, up 17% on the same period in 2019.

Adjusted pre-tax profit was up 16% at £33.1 million.

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