(Sharecast News) - Housebuilder Inland Homes revealed on Tuesday that former Galliard Homes CEO Donagh O'Sullivan will take over as chief executive officer, with immediate effect.

Inland Homes said O'Sullivan will lead the group's ongoing strategic review, announced on 6 September, while interim CEO Nishith Malde will continue as chief financial officer.

Chairman Simon Bennett said: "I am delighted that Don is joining Inland Homes as its next CEO. I have no doubt that Don has the necessary experience, skills and expertise to take the Group to the next stage of its development.

"He is ideally qualified to lead Inland Homes and his construction expertise will prove to be invaluable. Don will be warmly welcomed.

As of 1030 GMT, Inland Homes shares had shot up 8.02% to 19.20p.

Reporting by Iain Gilbert at Sharecast.com