Redrow’s London regional director Charles Calverley has left the business.
His departure comes just more than two years after Calverley joined the house builder to lead its move into the buoyant London market.
At the time, Redrow London aimed to buy up to four sites within its first year.
The drive was part of Redrow founder Steve Morgan’s plans to turn around the group after he seized control in a boardroom coup in March 2009.
Calverley is a former Berkeley Homes director.
Last October, Morgan’s Bridgemere Securities, Toscafund Asset Management and Penta Capital terminated talks to take over Redrow.
The consortium approached Redrow on 31 August with a cash offer of 152p per Redrow share, valuing the company at around £560m.
Redrow declined to comment.
annabel.dixon@estatesgazette.com
