Housing association’s finance director to take over role in September
Hyde Housing has announced that its current finance chief Peter Denton will take over as the association’s chief executive when incumbent Elaine Bailey retires later this year.
A qualified accountant, Denton (pictured) joined Hyde in February 2017 from US investment firm Starwood Capital Group – which among other assets owns a chunk of Italian Serie A football club Roma – where he was head of European special situations.
Hyde said Denton came out on top of a “highly competitive selection process” which had seen internal and external candidates vying for the top job.
Alan Collett, Hyde’s chair, said: “It gives me great pleasure to make this announcement after a rigorous selection process.
“The board and I are confident that Peter is the best person to take Hyde forward in our ambition to deliver first rate service to our 100,000 residents and to build as many homes as we can in London and the south east.
Hyde said Denton had undertaken a financial restructure of the 50,000-home housing association during his tenure as group finance director, “ensuring that its ambitious 8,400 homes over five years building programme is fully-funded and robust enough to withstand the severest financial conditions”.
It said it would carry out a “competitive process” to find a replacement finance chief.
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