In his new role, he will lead the company’s growth strategy as it looks to deliver over 3,500 factory-built houses and apartments per year by 2025.
He will be responsible for securing funding for the company’s expansion plans, as well as streamlining its manufacturing processes and helping to significantly bring down costs over the long term.
Before joining TopHat, Paul worked for McLaren Automotive from 2010 to 2019 in a variety of roles, after which he moved on to become the CFO of McLaren Group until May this year.
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Jordan Rosenhaus, chief executive at TopHat, said: “It brings me great pride to be able to bring someone of Paul’s calibre and capabilities to TopHat.
“As we look to progress with a long-term strategic vision of growth, TopHat will benefit from Paul’s industry and commercial experience that will help us to continue revolutionising housing delivery across the UK.”
Following his appointment, Paul has called on the government to introduce incentives that will help bring down the capital costs of purchasing and installing low-carbon technologies — such as air source heat pumps and solar panels — to help the UK meet its domestic climate change targets.
“Reaching net zero in housing will require a joint effort from the government and private sector,” said Paul.
“Through grants and other incentives, policymakers have done a great job in encouraging more consumers to make the switch to electric vehicles in the last 10 years.
“Ministers should now strive to replicate such successes to help clean up housing’s act and achieve the economies of scale in production that will help bring down the upfront costs that will be needed to help ensure the transition is accessible to all consumers.”