Havelock Europa PLC appoint new CFO

Donald Borland appointed as new Chief Financial Officer at Havelock Europa PLC from 26 April 2017.

Havelock Europa PLC, the international interior solutions provider, has appointed Donald Borland as its Chief Financial Officer, to succeed Ciaran Kennedy, who will stand down after the company announces its full year results on 25 April 2017.

Mr Kennedy, who has been Finance Director and Company Secretary since June 2014, is leaving Havelock to take up the role of Director for Scotland at Clancy Docwra. Along with Chief Executive David Ritchie, he has been instrumental in implementing the restructuring and rightsizing of the Havelock Europa business over the past 18 months.

Donald Borland is a former Group Finance Director of Miller Group, the Edinburgh-based real estate business whose main subsidiary, Miller Homes, is the UK’s largest privately-owned housebuilder. He spent 18 years with Miller Group, in various finance and accounting roles, becoming Group Finance Director in 2014, with responsibility for financing, corporate M&A and restructuring transactions, as well as ongoing liaison with the board and corporate shareholders.

He has been a member of the Institute of Chartered Accountants in Scotland (ICAS) since 1990 and is an accountancy graduate of the University of Glasgow. Upon graduating, he spent a decade at KPMG in a number of accountancy and audit roles, prior to joining Miller Group in 1998. He lives in Edinburgh with his wife and three children.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

David Ritchie, Chief Executive of Havelock Europa PLC, said: “While I am sorry to see Ciaran leave the business, I am very pleased that we have been able to recruit such a highly qualified replacement in Donald.

Donald’s significant financial expertise and experience of executive roles will be of huge value to the team here and I am looking forward immensely to working with him. Ciaran has been a great support to me during my time as Chief Executive and a vital part of the work we have done to reshape the business. He leaves with our best wishes.”

Willie Finlayson of FWB Park Brown commented “we were delighted to help Havelock with this important search and wish Donald and the Board all the best with it.”