Richard Pike joins Bridgemere Group

Friday 28th March, 2008

New UK role further strengthens senior management team

The Bridgemere Group today announced the recent appointment of Richard Pike as Group Operations and Finance Director of Bridgemere UK plc. Following the appointment of Greg Locke as Chief Executive, this additional role further strengthens the company’s senior management team. Richard will be responsible for all financial operations of the Bridgemere Group and ensure the strategic direction taken achieves profitable growth.

Previously Richard has held a variety of corporate and operational finance roles in Scapa Group plc, Pilkington plc and most recently at Manchester Airports Group plc where he was Group Finance Director. Richard brings considerable multi sector and international experience in acquisitions, joint ventures and disposals. Throughout his career he has driven continuous improvement and restructuring plans to help increase business profitability and has refinanced over £1 billion of debt facilities.

Richard Pike commented, “Having spent the last 10 years in large, established public companies, I am really excited to be joining Bridgemere Group at its current stage of development. The prevailing market environment presents numerous opportunities to create value and I am very much looking forward to the prospect of working alongside Steve and Greg in capitalising on these opportunities to help drive Bridgemere successfully forward.”

Steve Morgan, Chairman of the Bridgemere Group of Companies, commented, “This is an important time in terms of the expansion of the Bridgemere group, and I’m pleased to welcome Richard on board. His experience and breadth of capability will make a valuable contribution to the business, helping to drive the company forward and support our continued growth across all of our core redevelopment, regeneration and investment activities.”