Banchory-based construction firm Bancon Group has appointed Allan Clow as managing director of its homes business.
Previously finance director for the group, Mr Clow will now lead Bancon Homes as it bucks the trend in the challenging north-east market. The MD’s role had been vacant for about a year.
Bancon Homes is targeting a doubling of new home sales in the coming year.
In its last financial year, the business achieved sales of 54 units and turned over about £18million.
Sales this year have exceeded expectations, with developments at Aboyne, Drumoak and Aspire in Aberdeen’s city centre sold out and recently-launched developments including Den at Milltimber, Oaklands in Banchory and Monument View in Inverurie selling well.
Bancon Group chief executive John Irvine said: “Allan has accumulated significant sector experience and has already made a positive impact on the homes business.
“Bancon Homes is set to expand on our current robust position and I am confident that Allan will be instrumental in that growth, providing strong leadership to the team.
“We are now recruiting a new group finance director and will announce a strong successor in the next few months.”
Mr Clow joined Bancon from Chap Holdings in 2015, where he also held the role of group finance director.