Metropolitan Funding PLC
Thames Valley Housing Association (TVHA) Announces CEO to
depart in Autumn 2024
Thames Valley Housing Association
announces that its CEO, Geeta Nanda OBE, has informed the Board of
her intention to step down after 16 years as CEO of MTVH (including
10 years as CEO of TVHA).
Geeta, who will leave when a new CEO
is in post in the Autumn, leaves MTVH in a robust position with
both a strong Board and Executive Team. Geeta feels that the time
is right for her to step down from her full-time Executive role and
focus more time on caring for her mother.
Althea Efunshile, CBE, said: "The
Board and I would like to thank Geeta for her huge contribution
both to MTVH and the housing sector in the UK.
Geeta leaves MTVH in great shape as
one of the most innovative and resilient housing associations in
the country with G1/V2 ratings from the Regulator and with a
recently improved credit outlook from Standard & Poor's
(S&P).
We are now focused on the appointment
of a new CEO who will continue this track record of success while
maintaining MTVH's values as a social purpose organisation which
was established to house Windrush migrants and exists to 'serve
people better every day'."
Geeta Nanda, OBE, said: "When you have
the privilege to lead an incredible organisation like MTVH for 16
years it can be hard to find the right moment to step away, but I
know this is the right time for several reasons.
First, we have bounced back from the
pandemic, with an improved credit outlook, the ability to deliver
more opportunities for our residents, and the strongest governance
rating.
Second, there is a real continuity,
strength, and depth in our Chair, Board and senior team,
colleagues, and involved customers who will carry on MTVH's mission
to give everyone a decent home and the chance to live
well.
Finally, this is also the right time
for me personally as my mum turns 91 this year and I want to spend
more time caring for her."
Enquiries
Please contact Donald McKenzie,
Director of Corporate Finance, on 0203-535-4434 or at
donald.mckenzie@mtvh.co.uk
This information for investors is also
available on our website:
https://www.mtvh.co.uk/about-us/investor-relations/
The information in this announcement
has been prepared by the Thames Valley Housing Association group
and is for information purposes only. The should not be construed
as an offer or solicitation to buy or sell any securities, or any
interest in any such securities, and nothing herein should be
construed as a recommendation or advice to invest in any such
securities.
