ONE of the largest family owned property companies in the Midlands has appointed a new chief executive after the incumbent announced his intention to stand down next year.

Tony Green will become chief executive for Hortons after the retirement of Rob Blyth at the AGM in January 2009.

Mr Green, finance director, joined Hortons in 2000, after 12 years at St Modwen. Over eight years, he has played a key role in diversifying and changing the landscape of Hortons’ portfolio through major acquisitions, disposals and investments, which has included a greater focus on property development and joint ventures.

He will be joined on the Board by Richard Norgrove, promoted from estate manager to property director. Mr Norgrove joined Hortons in January from Langtree Developments and is well known in the West Midlands property world having previously spent over 10 years at Mountcity Investments.

Richard Samuda, chairman of Hortons, said: “Tony was the board’s unanimous choice as chief executive, not only does he have the experience and knowledge to guide this 116-year-old company but also has a clear vision of its future development.

Departing chief executive Rob Blyth will maintain close links with members of the family and board, and has agreed to continue advising on the future development of the Grand Hotel. He will also continue as asambassador for the company, which can trace its history to Isaac Horton.