The man in charge at homebuilder Persimmon has confirmed he will stand down after just one year in the position.
The Financial Times reports that chief executive David Jenkinson has told the company that he will step down in "due course" but will stay in the position while the board searches for his replacement.
Jenkinson took the job in February last year and has been at the firm for 23 years.
"I will remain fully committed to both the chief executive role and to our programme of change until my last day in the job," Mr Jenkinson said.
Following the announcement, shares in Persimmon - which has worked on sites across Devon and Cornwall - dropped by 4% in early trading.
In recent years, the homebuilder has been at a number of issues with an independent review, which was launched after complaints about the company's work and pay, saying Persimmon needed a "fundamental change in culture".
The report also highlighted problems including insufficient fire protection at its properties, which affected some of its homes built in Truro which had safety barriers missing.
Yesterday (February 26), it was reported that Torbay Council had ordered the company to stop work on a controversial building site after claims that an ancient Devon bank, trees and parts of their gardens had been removed.
A spokesman for Persimmon Homes said they were working with the council to review the situation at Kings Ash Hill, where it has planning permission to build 68 properties.
On top of this, a number of complaints have been made by residents in Devon about the overall quality of their homes built by the firm.
Meanwhile, Plymouth Trading Standards launched an investigation in October over claims Persimmon Homes were "mis-selling" homes on estates in Plymstock and Ivybridge .
The company strongly refuted these claims.
