Andrew Johnston serves as the Chief Financial Officer (CFO) of Crest Nicholson, a leading UK housebuilder with a focus on creating sustainable communities across the southern counties, Midlands, and the South West. He assumed the role in July 2019, bringing with him a wealth of experience in financial leadership within the construction and property sectors.
Johnston’s responsibilities encompass the entire spectrum of financial management for Crest Nicholson. This includes overseeing financial planning and analysis, ensuring robust financial controls and reporting, managing treasury operations, and leading investor relations. He plays a crucial role in shaping the company’s financial strategy and ensuring its long-term financial health and stability.
Before joining Crest Nicholson, Johnston held a variety of senior finance positions at prominent companies. He served as Group Finance Director at McCarthy & Stone, a leading retirement housebuilder, where he played a key role in driving financial performance and implementing strategic initiatives. Prior to that, he held senior finance roles at Unite Students, a provider of student accommodation, and at Tarmac, a leading building materials company. His diverse background gives him a deep understanding of the complexities and nuances of the property market and the broader economic environment.
Since becoming CFO, Johnston has been instrumental in guiding Crest Nicholson through various challenges and opportunities. He has played a significant role in navigating the company through periods of market uncertainty, including the Brexit referendum and the COVID-19 pandemic. His focus has been on maintaining a strong balance sheet, managing cash flow effectively, and ensuring the company has the financial resources to execute its strategic objectives.
Beyond his core financial responsibilities, Johnston is also a key member of the executive leadership team, contributing to the overall strategic direction of Crest Nicholson. He is actively involved in evaluating investment opportunities, managing risk, and driving operational efficiency. He works closely with the CEO and other senior leaders to ensure the company is well-positioned for sustainable growth and value creation.
Johnston is known for his pragmatic approach, strong financial acumen, and commitment to transparency. He is a highly respected figure within Crest Nicholson and the wider investment community. His leadership is considered essential in ensuring the company’s continued success in a dynamic and competitive market. He remains focused on building a strong and resilient business, capable of delivering sustainable returns for shareholders and creating high-quality homes for communities across the UK.
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