Sutton Harbour firm's new chairman revealed [Herald, The (Plymouth, England)]
(Herald, The (Plymouth, England) Via Acquire Media NewsEdge) A HIGHLY experienced private equity expert has been appointed as the new chairman of Plymouth marine and waterfront regeneration company Sutton Harbour Holdings plc.
Graham Miller takes over from Michael Knight and is being described as an experienced director who will bring the skills and fresh perspective that will help the executive management take the company forward. The 50-yearold has previously held senior and director Graham Scott positions at top private equity companies including Murray Johnstone Private Equity and 3i plc. A law and MBA graduate, Mr Miller will continue to act as consultant and advisor to high profile clients in the private equity arena. Mr Miller, who will also act as a non-executive director at SHH, still holds directorships in the banking and IT sectors, including IPL Group Limited, a specialist in business technology solutions, Lockwell Electrical Distributors Limited and Barefruit Limited, an internet software and media services specialist.
He is also chairman of the Equity Investment Committee at Triodos Bank and an advisor to Growth Capital Partners, a provider of structured equity, and also Finance Wales.
He replaces Mr Knight, who announced in June that he was stepping down after six years as chair man.
Jason Schofield, SHH's chief executive, said: I am delighted to welcome Graham Miller to the board and as our chairman. He brings a new skill set to the board and we look forward to working with him to deliver the vision for the company.
Miller On behalf of the board, I would like to thank Michael Knight for his unstinting commitment and effort through a difficult transition period for the company which has coincided with a prolonged economic downtur n. His support, wise counsel, professionalism and determination during the last eight years, and six years as chairman, have been highly valued by board colleagues.
In June, SHH revealed an annual pre-tax loss of Pounds 3.679million.
But the firm insisted its underlying business will remain profitable and it has a clear strategy for growth. This month it unveiled scaled-down plans for a Pounds 4.5 million waterfront boardwalk at the historic Sutton Harbour. And it is about to open the new 171-berth King Point marina, at Millbay, later this month.
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