February 27, 2020 / 7:20 AM / a month ago

Housebuilder Persimmon's chief executive steps down, annual profit falls

Feb 27 (Reuters) - Persimmon said on Thursday Chief Executive Officer David Jenkinson would step down from his role, months after Britain’s second-largest homebuilder said it would address concerns over the quality of its homes.

The company, heavily criticised by an independent review of its business practises in December, also reported a 4.6% fall in pretax profit to 1.04 billion pounds ($1.35 billion) for the full year ended Dec. 31.

$1 = 0.7696 pounds Reporting by Samantha Machado in Bengaluru; Editing by Maju Samuel

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