Paragon Treasury Plc's parent company, Paragon Asra Housing Limited ('PA Housing'), makes the following announcement.

Recognising the short term needs of both the sector and PA Housing coupled with the incumbent CEO's retirement early next year, the Board has taken the decision to augment short term executive resource and capability with the addition of Michael McDonagh as Interim CEO to aid the transition.

Michael spent most of his career with KPMG where he was the UK Chief Operating Officer and led a successful public sector business. He has worked extensively across the Social Housing Sector. He is a tremendous supporter of social housing and brings this, along with a strong commercial focus, to PA Housing.

Please contact our Resources Director Simon Hatchman for further information.

email [email protected]

Direct tel 07720 087108