HA's chair to step down after 7 years at helm
Published by Anonymous for 24dash.com in Housing
A housing association's chair has announced that he is to step down.
Stephen Hallett will officially leave at bpha's AGM in July.
At last year's AGM, he was asked to serve an additional year in order to oversee the recruitment of a new CEO, after serving two successive three-year terms.
Following the appointment of Kevin Bolt as CEO at the beginning of May, Mr Hallett informed the bpha board that he did not wish to be considered for further reappointment.
bpha, which manages 17,000 homes across the Home Counties and London, said Mr Hallett has been "instrumental" in transforming the social landlord over the last seven years.
Mr Hallett said: “Over the last seven years bpha has made significant progress. In particular there have been many achievements in the last 12 months which include the placement of bpha’s first capital market bond, the move of the organisation’s head office and the appointment of Kevin Bolt as CEO.
"Whilst it is with some sadness that I will be stepping down I believe that bpha is now in excellent shape both operationally and financially and that who-ever succeeds me as Chair will have the privilege of leading a great team of people and an organisation well placed for future success.”
bpha says that it is "not in a hurry" to appoint a new chair and intends to use a "variety of search methods to identify suitable candidates".
CEO Kevin Bolt said: “We recognise that bpha has many important stakeholders and want to assure everyone that our strong governance arrangements will facilitate a smooth transition from Stephen to his successor.
"We will ensure we continue to deliver high standards and great value for money across all of our operational activities to our tenant stakeholders and other customers. One of our other key stakeholders is our regulator and over the last year bpha has welcomed a process of positive engagement with the HCA.
"We are confident that we will attract great interest from many high quality candidates for the role of bpha chair.”