Vistry Group PLC Appointment of new Chairman (2990S)
November 15 2021 - 2:00AM
UK Regulatory
TIDMVTY
RNS Number : 2990S
Vistry Group PLC
15 November 2021
15 November 2021
Vistry Group PLC ("the Company")
Appointment of new Chairman
Vistry Group PLC ("the Company" or "Vistry") announces that Ian
Tyler will step down as Chairman of the Company at the Group's
Annual General Meeting on 18 May 2022 after 8 and a half years in
the role and will not seek re-election as a Director. The Board is
pleased to announce that Ralph Findlay will succeed Ian and will be
appointed as Chairman of the Company with effect from the
conclusion of the Annual General Meeting.
Ralph Findlay has served as Non-Executive Director of the
Company since April 2015 and is currently the Chair of the Audit
Committee and Senior Independent Director. Ralph has longstanding
experience of FTSE businesses, having been the Chief Executive
Officer of Marston's PLC since 2001 until his retirement in October
2021. He will also join the board of C&C Group plc, the Dublin
based vertically integrated premium drinks company, in March 2022
and take up the role of Chairman in July 2022. His appointment as
Chairman of Vistry follows a thorough and comprehensive succession
planning process and will enable an effective transition of the
leadership of the Board.
In line with UK Corporate Governance Code recommendations, from
18 May 2022 Ralph will step down as Chair of the Audit Committee
and retire as a member of the Audit Committee and Remuneration
Committee. The Board shall now commence a recruitment process to
appoint a new Non-Executive Director and Chair of the Audit
Committee, along with appointing a Senior Independent Director in
due course.
Ralph Findlay, Chairman Designate, commented:
"On behalf of the Board I would like to thank Ian for his
invaluable contribution as non-executive Chairman of the Company
since 2013. Alongside Greg and the senior team, Ian has played an
instrumental role in helping this business become one of the UK's
top housebuilders."
Greg Fitzgerald, Chief Executive Officer, said:
"I would like to add my personal thanks to Ian for his
significant support and contribution in turning around Bovis Homes
and through the successful acquisition and integration of Linden
Homes and Partnerships to create the Vistry Group.
I very much look forward to continuing to work with Ralph in his
new role as Chairman of the Board. He will provide important
continuity for Vistry as we pursue the Group's growth strategy and
continue the great progress towards our medium term targets in both
Housebuilding and Partnerships, with a firm focus on maximising the
strengths and opportunities from our unique combination ."
This announcement is made in accordance with Listing Rule
9.6.11R(1). There is no further information to be disclosed
pursuant to LR 9.6.13R in respect of Ralph Findlay. As at the date
of this announcement, Ralph has 2,868 shares in the Company.
Enquiries:
Vistry Group PLC
Earl Sibley, Chief Financial Officer 01675 437160
Powerscourt
Justin Griffiths, Nick Dibden, Victoria Heslop 020 7250 1446 vistry@powerscourt-group.com
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END
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