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Orbit Capital names Stephen Jack as new Group Board Chair

Published 12/10/2024, 04:00 AM

LONDON - Orbit Group Limited, a prominent housing association, has announced the appointment of Stephen Jack as its new Group Board Chair, effective January 2025. Jack will take over from David Weaver, who is stepping down at the end of 2024 after reaching the maximum term limits outlined in the company's governance terms.

This leadership transition is part of a broader governance restructuring at Orbit, aimed at reinforcing the company's 2030 Strategy. In a significant move to enhance customer involvement, Orbit will also add two of its customers as non-executive directors on the Group Board. Furthermore, the Orbit Housing Association Limited Board will merge with the Orbit Group Limited Board to form a unified body to guide the organization's operational and strategic direction.

Orbit's Chief Executive, Phil Andrew, expressed gratitude to the outgoing Chair, David Weaver, for his guidance and support. Andrew also welcomed Jack, praising his alignment with Orbit's values and his extensive experience in finance and governance across various sectors.

Stephen Jack brings a wealth of experience to the role, having served as a Finance Director and CFO in the financial services industry for over three decades. His governance expertise spans the private, public, and voluntary sectors, with notable positions including Chair of the Independent (LON:IOG) Living Fund, Vice Chair of Anchor Hanover, and Trustee of Royal Mencap Society. Currently, he serves on the board of Golden Lane Housing and as Chair of Octavia, positions from which he will resign later this month. In recognition of his contributions to disabled people, Jack was awarded an OBE in 2014.

The appointment and governance changes at Orbit reflect the company's commitment to enhancing its customer experience and ensuring robust strategic oversight. The information for this article is based on a press release statement from Orbit Capital PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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