Barratt Redrow announced that CEO David Thomas is set to retire from his position after 11 years in the role. He will be succeeded by Dean Banks, current CEO of Ventia, in the final quarter of 2026. Mr Thomas will stay with the group until March 2027 to ensure a smooth transition.
Mr Banks has been CEO of the Australia and New Zealand infrastructure company Ventia since 2021, leading the group through its listing onto the stock market. He also previously held senior executive roles at Balfour Beatty and De La Rue.
The shares fell 1.5% in early trading.
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Barratt Redrow key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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