A KEY figure in the 2007 merger of George Wimpey and Taylor Woodrow is to stand down as chairman of the combined group.
Dec 5 2009 Huddersfield Daily Examiner
Norman Askew became chairman of Taylor Woodrow in July, 2003, and took up the same role following the creation of Taylor Wimpey. He will quit the board by the end of next year.
Taylor Wimpey was formed at the height of the housing boom, but was crippled by the credit crunch and plunging property market.
The firm, with operations in the UK, North America, Spain and Gibraltar, struggled under a £1.5bn debt pile, but secured the support of lenders earlier this year for new financing arrangements. It also raised more than £500m from shareholders.