Hyde has appointed the current chair of Vivid, who is also a former investment banker, to take up the same role at the group this October.
Mike Kirk, who has been chair of Vivid since October 2017, was appointed chair elect of the G15 landlord earlier this month and will replace Hyde’s current chair Alan Collett.
Mr Collet, who is also chair of property fund manager Hearthstone Investments, took up the chair role at Hyde in 2018 and has been a board member since 2012. He is stepping down from the board as he has served the maximum term allowed of nine years, a Hyde spokesperson told Social Housing.
His successor, Mr Kirk, has had a varied career including 14 years at investment bank Cazenove and around two years at PR agency Weber Shandwick as managing director.
More recently he has served as chair of Portsmouth Water and oil-in-water emulsion fuels firm Quadrise Fuels International. He will give up his role at Vivid in June, Hyde said.
Mr Kirk will oversee Hyde’s long-term goals, revealed in its 2050 strategic plan published last June.
He said: “Hyde has ambitious plans to accelerate its ability to deliver its vision of ‘a great home for everyone’ and I look forward to working with our residents, my board colleagues and the entire team at Hyde to enable this.”
Elsie Akinsanya, chair of Hyde’s remuneration and appointments committee, said: “Mike’s valuable experience positions him well to steer Hyde in its journey to provide affordable homes.”