Persimmon PLC (OTCPK:PSMMY)

$ 30.125 -0.345 (-1.13%) Market Cap: 4.82 Bil Enterprise Value: 4.38 Bil PE Ratio: 14.90 PB Ratio: 1.12 GF Score: 83/100

Full Year 2019 Persimmon PLC Earnings Call Transcript

Feb 27, 2020 / 10:00AM GMT

Release Date Price: $74.12 (-6.20%)

Transcript

Roger William Devlin

Persimmon Plc - Chairman of the Board

Thank you for joining us for our preliminary results presentation. You will have seen alongside in the results today, we made a separate announcement about CEO succession. Dave has informed the Board of his wish to step down in due course. He recognizes the best search and succession processes take time and are best done in the open. So I think he's to be commended to giving us plenty of time to find the right successor and an open-ended commitment to stay in post until that successor joins the business. And Dave, I'm thoroughly grateful for that.

It's entirely likely that he'll still be here at the interims in August. So this is not a valedictory address, it is not his leaving party. But I want to say a couple of things. When Dave was appointed CEO, I said he would be an agent of change, and I think he's delivered. Under his leadership, he set about making the changes that were required at Persimmon with very real urgency and commitment. We've invested in a whole range of customer care and quality initiatives. We're now running

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