Redrow finance director resigns

The finance director at Redrow has resigned after seven years in the job.

David Arnold, group finance director, will leave the housebuilder at the end of March 2010. A search for his successor has already been begun, the firm said.

Redrow’s founder Steve Morgan retook control of the firm in March 2009 after which the chairman and chief executive departed.

Steve Morgan, chairman of Redrow said: "David has served the company well for the past seven years. I am pleased that he has agreed to stay on until March to ensure an orderly transition. On behalf of the board I would like to express our thanks for his significant contribution and wish him every success in the future."

David Arnold said: "I am leaving Redrow after seven enjoyable and fulfilling years. During the last twelve months Redrow has been well positioned, and I wish Steve and the team every success in their endeavours."