Hurstwood Holdings has announced a major leadership transition as Sam Ashworth is appointed as the Group’s new Chief Executive Officer. Sam takes over this role from his father, Stephen Ashworth who held the position since 1994. Stephen is the group’s major shareholder and will remain as Executive Chairman of the board.
The move marks the next stage in the evolution of the family owned property investment and development company, which has grown significantly since its establishment more than 40 years ago and currently owns and manages a £400 million mixed use property portfolio nationwide with a development pipeline in excess of £80 million.
The leadership announcement coincides with further senior appointments within the business. Matt Bint has been promoted to Group Estates Director and will oversee the day to day management of the company’s portfolio. Andy Park, who joined the company in 2004 steps down from his role as Managing Director to enjoy some well earned free time but remains with the group on a part time basis as Chief Financial Officer. Phil Brassell, who has been with the company for five years, has been promoted to Head of Construction
Over the last 10 years, Sam has played a key role in expanding Hurstwood’s development portfolio, through its various brands; Hurstwood Homes, Tabley Homes and Lock It Self Storage and under Sam’s leadership the group has developed over £150m of quality residential, industrial, office and self-storage space.
Stephen Ashworth took over from his father, John Ashworth in 1994 and over the last 32 years has taken the Hurstwood from a development business focused in Rossendale to a nationwide property company with a £400 million portfolio, housing 1,200 businesses across 140 locations having founded 14 companies within the group to facilitate this.
Stephen comments: “After more than three decades building the business, the time is right for the next generation to take the day to day lead as we enter a new phase of expansion.
“Sam has been instrumental in driving change within the company, bringing new initiatives and adopting a proactive, hands-on approach that has helped position Hurstwood for the future. His energy, enthusiasm and clear vision for the business make this an exciting time for the company and everyone involved.”
Commenting on his appointment, Sam Ashworth says: “It is a privilege to take on this new role at Hurstwood and have the opportunity to lead a hardworking and talented group of people into our next chapter. I look forward to working with the team in continuing to adapt and improve the already strong and valuable platform created by Stephen and Andy and making further significant strides forward for our business.’’
