U.S. Markets closed

Persimmon to name Jenkinson as new chief executive - Sky News

(Reuters) - Persimmon Plc will name Dave Jenkinson, the former finance director of the housebuilding company who had lately been acting chief executive, as CEO on a permanent basis, Sky News reported on Monday.

The company will confirm Jenkinson in his new role on Tuesday as it seeks to move on from media and shareholder criticism of the pay package of the former CEO, Sky News said.

Persimmon shares fell as much as 8 percent on Monday, after reports on Saturday that Britain's housing minister, James Brokenshire, is pressing the builder on how it operates within a public funding scheme for new house buyers.

The company is expected to report final 2018 results on Tuesday.



(Reporting by Gaurika Juneja in Bengaluru; Editing by Matthew Lewis)