Chesterton Chairman, Peter Brooks, said:. 'Lorraine brings years of experience in the property market particularly from an investment and financial perspective. She combines management expertise, business experience and a strong property background, making her an excellent candidate for this job.'
Baldry replaces Michael Holmes who stepped down in September 2001 after the company was forced to issue its second profit warning of the year. Subsequently Chairman Brooks led a swingeing cost-cutting programme including substantial redundancies. However, in a trading statement last month the company said trading conditions had now stabilized.
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