Keith Miller has announced he will step down as chief executive of the Miller Group after more than two decades at the helm of the company.
Mr Miller will leave the group in March, just seven months after its construction arm – Miller Construction – was sold to Galliford Try for £16.6m.
The Miller Group will not appoint a successor to Mr Miller as group CEO.
Instead, the group’s three existing divisions – Miller Homes, Miller Developments and Miller Mining, will continue to be individually led by their current chief executives.
Mr Miller said: “We have strong management teams in place in Miller Homes, Miller Developments and Miller Mining, each of which is led by its own chief executive.
“I am looking forward to being able to report further impressive performance from Miller Homes and our other businesses when we announce our final results for 2014 in a few weeks’ time.
“The group has experienced tremendous growth over the past three years and the time is right to pass the leadership of our businesses to the respective management teams.”
Mr Miller joined the company in 1975 before becoming its chief executive in 1994.
In 2012, Mr Miller told Construction News that he was committed to the firm “for a long time to come” after a £160m refinancing deal handed control of the company to a group of investors.