Residential property developer Barratt Redrow announced on Friday that Dean Banks will take over as chief executive officer with effect from 21 September.
Source: Sharecast
Banks will succeed David Thomas, who will retire after 11 years as group CEO and 17 years with the firm.
Thomas will step down from the board on Banks' appointment, but will remain with Barratt Redrow until March 2027 in order to ensure a smooth and orderly transition.
As of 0805 BST, Barratt Redrow shares were up 1.76% at 299.16p.
Reporting by Iain Gilbert at Sharecast.com
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