THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

LEI: 21380089BTRXTD8S3R66

For immediate release

16 December 2022

Taylor Wimpey plc

Upcoming Board changes

Taylor Wimpey plc (the "Company") today announces that Irene Dorner will be stepping down from her role as Chair of the Board, for personal family reasons, at the conclusion of the 2023 Annual General Meeting (AGM) on Thursday 27 April 2023. Irene will stay on the Board as a Non Executive Director following the conclusion of the AGM.

She will be succeeded as Chair by Robert Noel, currently the Company's Senior Independent Director. His appointment follows a thorough search process which considered both internal and external candidates. Rob joined the Board as an independent Non Executive Director in October 2019 and subsequently became the Senior Independent Director in April 2020. He has over 30 years' experience in the property sector, including eight years as the CEO of Land Securities Group PLC. Rob is also Chair of Hammerson plc.

Lord Jitesh Gadhia, independent Non Executive Director, who led the search process, said: "On behalf of the Board, I would like to thank Irene for her outstanding contribution as Chair successfully leading the Board over the last three years. We welcome her agreement to remain on the Board, allowing us to continue to benefit from her wide experience and counsel, and wish her family the best for the future.

We are delighted to announce the appointment of Rob Noel as Chair to succeed Irene following the conclusion of the next AGM. Rob is well-respected amongst his colleagues and his familiarity with Taylor Wimpey, and long track record in the property sector, provides excellent commercial experience and continuity of leadership as we face a changing market environment. We are all looking forward to working with him in his new role."  

Irene Dorner, Chair, said "It has been a privilege to serve as Chair of Taylor Wimpey plc. I would like to thank my Board colleagues, the Group Management Team and all of our employees across the business for their dedication, commitment and hard work over the last three years. I have prioritised engaging with the full range of Taylor Wimpey stakeholders during my tenure as Chair and I know this is something that Rob will continue to build on when he succeeds me."

Rob Noel commented "I am honoured to be appointed as Chair Designate of Taylor Wimpey having served on the Board for the past three years. Taylor Wimpey is a strong business with a highly experienced management team. I look forward to working with our CEO, Jennie Daly, and the wider leadership team to continue to position Taylor Wimpey for long term success."

A further update will be provided to the market in due course to confirm the other Board changes required as a result of Rob becoming the Chair at the conclusion of the 2023 AGM.

This announcement is made in accordance with Listing Rule 9.6.11.

The person responsible for releasing this announcement is Mike Lonnon - Interim Company Secretary.

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Notes to editors:

Taylor Wimpey plc is a customer-focused homebuilder operating at a local level from 23 regional businesses across the UK. We also have operations in Spain.

For further information please visit the Group's website: www.taylorwimpey.co.uk/corporate

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