Jolyon Harrison, current chairman of York Housing Association, will replace Colin Rossiter who continues as MD of Gleeson Capital Solutions

Shares in MJ Gleeson went up 9.1% this morning after the firm announced the appointment of Jolyon Harrison as managing director of its Regeneration & Homes business.

Harrison will take the post on 2 November, replacing Colin Rossiter, who continues as managing director of Gleeson Capital Solutions, the firm’s PFI arm.

The 61-year-old is currently chairman of York Housing Association and JDP Rooflines. Previous posts included chairman of chairman of Pelham Construction and managing director of Shepherd Homes.

Chris Holt, Gleeson’s chief executive, said: "Jolyon Harrison has a proven track record, established over many years, in regeneration and social housing in the North of England, which is where Gleeson Regeneration & Homes has nearly all its operations."

Harrison added: "I am greatly looking forward to the challenge of making a significant contribution to Gleeson which, with more than 100 years of service to the community, will once again become a serious player in the affordable homes-for-sale marketplace".