Quintain has announced that Adrian Wyatt is stepping down as Chief Executive to be replaced by Max James.
Wyatt founded the business 20 years ago and will step down on May 25. Maxwell James, presently Executive Director of Quintain, has been appointed Chief Executive with effect from the same date. Rebecca Worthington is promoted to Deputy Chief Executive and she will continue with her responsibilities as Finance Director until her successor is appointed. Nigel Kempner, who joined Quintain in February following the acquisition of Grafton Advisors has also been appointed as an executive director with effect from 25 May.
Adrian Wyatt OBE, said: “After 20 years leading Quintain, the time is right for me to hand over the reins to the next generation to take the business forward. I am proud of everything we have achieved and there is no better leadership for Quintain than the combination of Max and Becky.”
Max James joined Quintain in May 2011 and was appointed to the Board in July. Before joining Quintain, he was Chief Executive of Lowndes Partners, a specialist real estate investment bank, which he founded in 2006.
Maxwell James said: “Quintain is very well positioned with its combination of London regeneration schemes and asset management. We have tremendous opportunities to create value for all our stakeholders and I look forward to working with Becky to bring these to fruition.”
Rebecca Worthington, 40, joined Quintain in 1998 and has held a number of roles within the business, including Company Secretary, before being appointed as Finance Director in 2001. She is also responsible for the group’s regeneration activities at Greenwich Peninsula.
The announcements came as Quintain released their annua figures which trumpeted progress at Wembley – including 7m sq ft of enhanced planning consents – and on the Greenwich Peninsula, with preparation of detailed plans for next phase of Peninsula Quays.
William Rucker, Chairman of Quintain, said: “Quintain is well placed for an exciting phase in its development. We have strengthened the balance sheet, maintained our momentum at Wembley and Greenwich and created an asset management business of genuine scale”.
“Adrian is a visionary in the property market. His passion for London regeneration has paved the way for two of the capital’s most exciting schemes, complemented by a specialist asset management business of real scale focused on areas such as student accommodation and healthcare which benefit from compelling social, economic and environmental trends. His ability to steer the business through the turbulence of the credit crisis to where it is today, is a significant achievement.”