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Thames Valley CEO to take over at G15 association
Geeta Nanda has been appointed as the new chief executive of large London housing association Metropolitan.
Ms Nanda is currently chief executive of Thames Valley Housing and has been there for the past nine years.
She will join Metropolitan in October, taking over from current chief executive Brian Johnson.
Metropolitan owns 38,000 homes, mostly in London, and has an annual turnover of £235m. Thames Valley owns 14,500 homes and turned over £104m in 2015/16.
Ms Nanda said: “I am delighted to be appointed as chief executive of Metropolitan. It is a successful and ambitious organisation which I am honoured to be asked to lead – and I look forward to the challenge ahead.”
Paula Kahn, chair of Metropolitan, said: “Geeta is an exceptional CEO with a proven track record, and experience and understanding of the sector. The board believes that, with Geeta’s leadership, Metropolitan will continue to strengthen its position as a leading social housing provider.”
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Mr Johnson said: “Having accomplished what I set out to do – to get the organisation onto a sound and successful footing – I have decided that it’s the right time for me to hand over responsibility, and I am very pleased that Geeta has agreed to join us.”
Mr Johnson will continue as chief executive until July, at which point an interim will be appointed until Ms Nanda joins in October.
Ms Nanda helped establish the successful build-to-rent venture Fizzy Living while at Thames Valley.
She was also in the latter stages of securing a merger with north London landlord Genesis before the deal fell through.
Mr Johnson took over Metropolitan when the landlord was struggling, in part due to exposure to risky regeneration schemes during the financial crisis, and has helped achieve a recovery in its financial position.
Ms Nanda is an IH50 columnist.
