The announcement comes after a highly competitive recruitment process, which attracted a large number of strong candidates from both within and outside the housing sector.
Peter, who was recently named Finance Director of the Year at the Housing Finance Awards, joined Hyde in February 2017 from Starwood Capital Group, following a 23-year career in pan European real estate. He will take over as Group Chief Executive from 12 September this year.
Alan Collett Chair of the Hyde Group, said: “It gives me great pleasure to make this announcement after a rigorous selection process. The board and I are confident that Peter is the best person to take Hyde forward in our ambition to deliver first rate service to our 100,000 residents and to build as many homes as we can in London and the south east.
“I know Peter will continue the great work that Elaine has done over the past five years and his experience and expertise will stand the organisation in good stead to go on to help even more people in desperate need of a place to call home.”
During his time as Group Finance Director, Peter has undertaken a financial restructure of the 50,000-home housing association, ensuring that its ambitious 8,400 homes over five years building programme is fully-funded and robust enough to withstand the severest financial conditions.
He said: “I’m thrilled to be asked to lead an organisation as wonderful as Hyde. I am excited about the road ahead and ensuring we deliver on our own ambitions as well as contributing to sector ones. We really have a fabulous deep team at Hyde and collectively we are up for the challenge.”
In making the announcement the Group Chair thanked the present Chief Executive for her achievements during her time at Hyde:
“Since joining the organisation in June 2014, Elaine has achieved a great deal of which I am very proud. Hyde has become a high performing organisation, both operationally and financially, our development programme has been more than revitalised and she has delivered our report The Value of a Social Tenancy, which has played a large part in helping the Treasury understand the value of the housing association sector. On top of this Elaine has personally led our sector-leading fire safety work, which has resulted in her being asked to sit on Dame Judith Hackitt’s Industry Safety Group.
“She leaves Hyde in a great position, ready to meet the challenges of the future. Thank you, Elaine.”
Hyde will now undertake a competitive process to recruit a new Group Finance Director.