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Mark Hoyland to step down as Orbit Group CEO

News15 Sep 2022Michael Lloyd

Mark Hoyland will step down as group chief executive of Orbit Group in spring next year, after six years at the helm.

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Mark Hoyland will step down as group chief executive of Orbit Group in spring next year after six years at the helm #UKhousing #SocialHousingFinance

Orbit said Mr Hoyland has built a strong leadership team and overseen the implementation of a new corporate strategy and customer promise for the group. During his time in charge, Orbit has delivered over 6,600 new homes and issued the largest single tranche own-named bond in the social housing sector.

 

The housing association said he will take up a chief executive role outside of the sector and the board expects to announce a successor early in the new year.

 

David Weaver, chair at Orbit Group, said: “On behalf of the board and everyone at Orbit, I would like to thank Mark for his clear leadership and focus.

 

“He has been pivotal in shaping the group’s strategy and building a customer-centric culture, and under his tenure we have seen Orbit deliver the strongest set of financial results.

 

“He leaves behind him an experienced and established leadership team who will continue to drive Orbit forward.”

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Mr Hoyland said: “I am proud of Orbit’s achievements. We have built a financially strong business and a robust and resilient operation, and I would like to thank the board and executive team for their support and commitment to our vision.

 

“I am confident that Orbit will continue to go from strength-to-strength as a result of its people and values-led performance-driven culture.

 

“I’ve been privileged to lead such a great group of talented people at Orbit, and I’d like to thank the whole team for their hard work and dedication to our mission to lead in building thriving communities.”

The announcement comes shortly after the publication of Orbit’s full-year results, which showed the 46,500-home housing association grew its post-tax surplus by 32 per cent year-on-year from £61.9m in 2020-21 to £81.4m in 2021-22.

 

The group’s merger with troubled housing association Swan is on track to complete by the end of 2022.

 

At the time, Mr Hoyland hailed Orbit’s results as a strong set of results despite the “geopolitical and macroeconomic headwinds” and said talks are progressively “positively” with Swan.

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