The Holker Group has appointed Allen Gibb as its new chief executive.
Mr Gibb is the family-owned firm's former finance director and has been with the company since 2011.
He replaces Duncan Peake, who stood down in May, and his appointment follows what the group has described as a "a rigorous and competitive recruitment process".
He said: “I’m truly honoured to have been asked by Lucy Cavendish [the group's chairman] to assume the role of chief executive officer having spent five years as group finance director. I relish the opportunity of working closely with Lucy in taking the Holker Group forward as a major contributor to the business, tourism and social economies of the South Lakes.
“We have fantastic local and international brands in Holker, Cartmel Steeplechases, Holbeck Homes and Burlington to name but a few and the next few years will see us continue to build on the excellent foundations put in place by my predecessor, Duncan Peake.
“The Cumbrian economy is vibrant and with the Holker Group operating in diverse markets we must remain flexible and confident in facing the challenges and opportunities which lie ahead of us. We are fortunate to have a tremendous network of partners in the local economy and I look forward to developing those relationships in the coming months”.
Miss Cavendish said: "Over the last five years, Allen has developed and led the strongest finance team the business has ever known. On these firm foundations he is perfectly positioned to lead the continued growth of the group.
"Allen’s commitment reflects my confidence in the exciting future of our business in the years ahead. It is with great pleasure that we welcome Allen as chief executive officer.”
The Holker Group, based in Cark-in-Cartmel, near Grange-over-Sands, is a company with an annual turnover of more than £25m and operates in three very different sectors of the economy - tourism and leisure, property and quarrying.
Its headquarters is at Holker Hall, a Grade-II listed building, the ancestral home of the Cavendish family, which attracts tens of thousands of visitors each year.
Click here to find out more about the Devonshire Buildings on Barrow Island, close to BAE Systems, which are owned by The Holker Group.