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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Taylor Wimpey picks internal candidate as CEO in slight to activist investor

Jennie Daly new Taylor Wimpey chief executive
Jennie Daly: Taylor Wimpey becomes the third company in the FTSE 100 to have a female chief executive and a female chair. Photograph: Piranha Photography

Taylor Wimpey has appointed an internal candidate as its new chief executive, in a move likely to anger Elliott Advisors, the activist investor that was pressuring the housebuilder to appoint someone from outside the company.

The appointment of Jennie Daly marks a milestone in the male-dominated industry as Taylor Wimpey becomes the first UK housebuilder to appoint a female chief executive and only the third company in the FTSE 100 to have a female CEO and a female chair.

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