Former Carters chief executive Stuart Munro is buying into Registered Master Builders Federation company Jennian Homes.
This is a progressive buy-in, with Mr Munro expected to become a joint shareholder with Richard and Rebecca Carver over the next three to five years.
“This is great timing for Stuart to be buying in as we are most certainly at the bottom of the market,” Mr Carver says.
“Jennian Homes has big plans and a solid long-term strategy taking us way past 2020. We are well on our way to cementing our place as the leading brand in the New Zealand new home market.
“Having someone with Stuart’s ability joining us permanently as a long-term stakeholder and director will greatly assist Jennian Homes to achieve its 2020 vision.
“Stuart will focus on operational excellence and the delivery of industry-leading systems through the company’s Tauranga-based support centre, Jennian Services Ltd, which provides accounting, draughting and estimating services for our franchises throughout New Zealand,” Mr Carver says.
Mr Munro is currently general manager of Jennian Services Ltd and Jennian Homes Auckland Ltd, and on April 1 also became a director of Jennian Holdings Ltd and Jennian Services Ltd.
Mr Carver will focus on franchisee and supply partner relationships, and the ongoing growth of the Jennian Homes brand as it heads towards its fourth decade in business.
“After 30 years we are now really getting cracking,” Mr Carver says. “Watch this space.”
Mr Munro has held a number of leadership roles in the construction industry over the past 15 years, including chief executive of Carters and directorships with the New Zealand Building Industry Federation and Construction Marketing Services (the home of Future-Proof Building).
He says Jennian Homes is an established and respected industry leader in the new home market in New Zealand.
“I’m delighted to be joining the company at this time and helping to steer it into the future.
“These are exciting times for Jennian Homes and for the building industry as a whole. The past two years have been tough for the industry and we have our sights set firmly on the opportunities ahead.”