David Rowland to become Conservative Party Treasurer
CCHQ has just announced that David Rowland will take over as Conservative Party Treasurer in the autumn. A property magnate, Electoral Commission records show that he has donated £2,875,250 to the party in the last twelve months. There is more background about him in this Times report from the time of his initial donations to the party last year.
The news came via the following statement from the party:
"David Rowland will be the next Conservative Party Treasurer. David will take up the role immediately after Conservative Party Conference this year, in the interim he will work with the Treasurers team at CCHQ to ensure a smooth transition into his new role. As previously announced, Michael Spencer and Stanley Fink will stand down as Party Co-Treasurers at Conference.
Conservative Party Co-Chairman, Andrew Feldman said:
“We are very pleased David Rowland has agreed to be Party Treasurer and look forward to him taking up the role in October. We would like to thank Michael and Stanley for their outstanding contribution to the Party to date.”
David Rowland said:
“It is a tremendous honour that David Cameron has asked me to take on the role of Treasurer to the Conservative Party after Conference and to continue the excellent work of Michael Spencer and Stanley Fink. They have left the Party in robust financial health and I look forward to continuing their good work at what is a great time for the Conservatives with David Cameron in Downing Street.”
Michael Spencer and Stanley Fink said:
“We are delighted with David Rowland’s appointment as the next Conservative Party Treasurer. It has been a period of great success for the Conservative Party, resulting in David Cameron becoming Prime Minister. We had always said that our time as Treasurers should come to an end following the General Election and the Conference provides the perfect timing for a handover. We know that David will be an excellent Party Treasurer and wish him our very best in the role.”
The outgoing Treasurers leave the party's finances in good health. The ConservativeHome election review noted that "that the party raised £2m to £5m more than it could legally spend; putting it in a good place for a second election if one became necessary."