The Salford housing association Salix Homes has announced that its chief executive Lee Sugden will be stepping down at the end of this financial year.
Sugden joined Salix Homes in December 2014 to lead the provider through a stock transfer from Salford City Council.
Salix Homes manages around 8,000 homes across Salford and launched in 2007, initially as an arms-length management organisation (ALMO) operating on behalf of the local council.
Sugden said of his departure: “Salix is in a great position with an ambitious affordable development programme, some fantastic partnerships in place and a positive regulatory judgement, all supported by an amazing team of people. The time is right for me to move on knowing all these are in place for the future.
“I will continue to lead Salix as chief executive until my successor is found. We have recently launched a new corporate plan and I very much look forward to working with my successor to start delivering on our ambitions.”
Sugden is a qualified accountant and has worked in housing for over 25 years in numerous senior finance roles.
He has served in a non-executive capacity for numerous organisations including housing providers, local authorities and schools.
Sugden recently served on the boards of Westmoreland Supported Housing and Knowsley Housing Trust after they were found to be non-compliant by the Regulator of Social Housing.
Jim Battle, who was appointed the new chair of Salix Homes earlier this month, said: “I want to thank Lee both on behalf of the board and personally for the fantastic contribution he has made to Salix, our residents and the city of Salford since we became an independent housing association almost six years ago.
“His leadership has seen our organisation flourish into what it is today and his legacy is something to be very proud of. I know Lee intends to continue contributing to our sector and on behalf of the board I wish him well for the future.”
Salix Homes will start its search for Sugden’s successor immediately. The housing association is looking to appoint its next CEO by the start of the next financial year.