Rob Tincknell is to step down as chief executive of Battersea Power Station Development Company after 10 years at the helm of one of London’s most challenging projects.
He will continue to support the business as a member of the Battersea Project Advisory Board.
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BPSDC’s deputy chief executive and chief financial officer Simon Murphy will take over as the boss of the company on 1 May, carrying out the £9bn transformation of Battersea Power Station on behalf of its Malaysian owners.
Tincknell became involved with the masterplan to redevelop Battersea in 2008 prior to the site’s purchase by a Malaysian consortium of shareholders.
Earlier this year a reshuffle in ownership saw the actual power station building sold for £1.6bn. The sale allowed more equity to be injected into the scheme and secured the future of the project at the development, which is due to open in 2021.
Last year, BPSDC admitted in documents submitted to Wandsworth council regarding its affordable housing quota that costs had soared on the development due to the replacement of the chimneys on the power station and the discovery of substantially more asbestos in the building than previously expected.
The firm also replaced the contractors on phases two and three of the scheme in 2017, and it narrowly escaped being caught up in contractor Carillion’s collapse earlier this year as the defunct firm had just finished phase one before it entered liquidation.
However, in 2016 BPSDC did secure an 500,000 sq ft pre-let from tech giant Apple for its new UK headquarters inside the power station.
To date, BPDSC said more than 1,500 of the planned 4,364 homes at the development had been sold, of which 850 have been completed.
Tincknell said: “After 10 years as CEO of this extraordinary project, leaving has been a difficult decision for me.
“I hand over to Simon knowing the fantastic team we’ve built here will take the development forward in a way which continues to make us all proud and deliver for London.
“I would like to thank the Malaysian shareholders for their unstinting commitment and support over the years, Battersea would certainly not be happening without them.
“I look forward to continuing to support the project and the shareholders as a member of the advisory board.”
Dato’ Johan Bin Ariffin, chairman of Battersea Project Holding Company, added: “On behalf of the board of directors I would like to sincerely thank Rob for his hard work and commitment over many years. We wish him every success in the future and look forward to continuing to work with him as a member of the advisory board.”
He added that the appointment of Simon Murphy as chief executive would “ensure a smooth transition”.
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