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Guinness appoints new finance boss
The Guinness Partnership has promoted one of its executives to be its new chief financial officer when the current incumbent leaves to join Peabody in September.
Paul Love has been promoted to chief financial officer at The Guinness Partnership
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Paul Love, who is currently the 65,000-home group’s director of care and support, will take over from Phil Day.
It was announced in March that Mr Day was rejoining Peabody to be its chief financial officer.
Mr Love originally joined Guinness in March 2018 as director of finance for its care subsidiary.
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In a filing, Guinness said that Mr Love “brings over 25 years of senior experience in social housing and the not-for-profit sector”.
Earlier in his career, he spent nearly nine years at Devon-based social enterprise Pluss, including a spell as chief operating and financial officer.
Mr Love is a member of the Chartered Institute of Public Finance and Accountancy and has served on several boards, including West Devon Homes.
The Guinness Partnership is currently graded G1/V2 by the Regulator of Social Housing.
According to its results for the first half of 2023-24, the landlord posted a total surplus of £22.6m, a drop from £36.5m in the same period in 2022-23.
This was due to increased net interest costs, a drop in sales income and “significant” investment in new and existing homes.
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