Galliford Try Partnerships and Regeneration finance director Steve Breslin has been poached by Lovell.
Mr Breslin has taken over as finance director at the housing development arm of Morgan Sindall with immediate effect.
He left Galliford Try’s affordable housing and regeneration business last month after almost four years as the division’s finance director.
During his time there, operating profit for the division almost tripled from £5m in 2014 to £14.9m in 2017, while turnover increased by a third from £233.9m to £319.4m.
Lovell has become an increasingly significant part of Morgan Sindall’s business in recent years, with revenue for the division up 9.4 per cent to £473.5m in its results for the year ending 31 December 2017, accounting for almost 20 per cent of the company’s turnover.
Mr Breslin’s appointment follows that of Steve Coleby, who became managing director of Lovell last month after leaving Laing O’Rourke.
Mr Coleby said Mr Breslin had a track record of “delivering strong but controlled growth” in the construction sector.
In the last six months the affordable housing business has secured a number of high-profile contracts.
In April, Morgan Sindall Investments was appointed as the delivery partner of Hertfordshire County Council for a redevelopment scheme worth up to £2bn over 15 years, which will see Lovell drafted in to deliver some elements.
This followed a £250m deal struck last November to deliver 1,000 homes on Salisbury Plain for the Ministry of Defence.
Lovell has also invested in modular housing capabilities and in March it secured a £45m deal with Homes England to deliver 200 units using the approach.
Before joining Galliford Try, Mr Breslin worked with housebuilders Taylor Wimpey and Taylor Woodrow.