Sutton Harbour Holdings appoints new chairman
Plymouth-based Sutton Harbour Holdings has announced the appointment of a top private equity consultant as its new chairman.
Graham Scott Miller, who is also currently chairman of the Equity Investment Committee at Triodos Bank, has stepped into the Sutton Habour role vacated by Michael Knight, who has officially stepped down from the board today after six years at its helm.
Shareholder pressure prompted Sutton Harbour Holdings to begin the search for a new chairman in June, as its preliminary results revealed a loss of £3 million.
Mr Miller was announced as Sutton Harbour chairman, following his newly appointed position as a non-executive director on its board.
He is also an adviser to Growth Capital Partners, a provider of structured equity, and also Finance Wales.He has held senior and director positions at Murray Johnstone Private Equity and 3i plc.
Confirming Mr Miller’s appointment, Sutton Harbour chief executive Jason Schofield said: “I am delighted to welcome Graham Miller to the board and as our chairman.
“He brings a new skill set to the board and we look forward to working with him to deliver the vision for the company. On behalf of the board, I would like to thank Michael Knight for his unstinting commitment and effort through a difficult transition period for the Company which has co-incided with a prolonged economic downturn.
“His support, wise counsel, professionalism have been highly valued by board colleagues.”
Sutton Harbour is behind a £75 million waterfront development vision for Plymouth, which it aims to become to become a national destination for tourism, leisure and business.
Designs for a scaled-down, £4.5 million waterfront boardwalk, that it has described as ‘catalyst’ for the development, were made public last week.
Sutton Harbour withdrew initial blueprints for a boardwalk in March, in the wake of public opposition over the plans.