The chief executive of L&Q has revealed he will be stepping down after serving more than three decades with the company.
David Montague will leave the role and L&Q by the end of the current financial year, saying “now is the right time for a new challenge”.
Montague initially joined the finance team at L&Q in 1988, becoming group director of finance in 2003. He was appointed chief executive in 2008.
Commenting on his departure, Montague said: “It has been a pleasure leading L&Q in such extraordinary times and working with talented, dedicated and values-driven people for the past three decades to deliver our social mission.
“At L&Q our story began in 1963 with a handful of entrepreneurs, £64, and a dream to house the people who had been forgotten by others; that dream has never waned.”
He added: “Our mission is that everyone should have a quality home they can afford; everything we do is about providing essential homes and services for the people that need them most.
“I couldn’t be more proud of what we have achieved in my time as chief executive but I have decided that it is the right time for a new challenge.”
L&Q chair Aubrey Adams said: “David has been a leading light not just for L&Q but for the housing sector in general.
“His commitment to our residents, homes, and communities has enabled L&Q to face some of the toughest economic and structural challenges in the company’s history, and he has always done it with our social purpose firmly and passionately at his heart.
“We are thankful for everything he has championed.”
L&Q owns and manages more than 110,000 properties and has plans for 100,000 more.
Main image: David Montague, Chief Executive, L&Q