Board Change
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Board Change
Barratt Redrow plc ('Barratt Redrow' or 'the Group') today announces that, by mutual agreement, Mike Scott has stepped down as Chief Financial Officer ('CFO') and as an Executive Director with immediate effect. Mike will be available for transitional support until 31 January 2026.
The Board has launched a search for a new CFO, and a further announcement will be made in due course.
Micheal Passmore will join the Group immediately as interim Deputy CFO with responsibility for the core finance functions, reporting to David Thomas, CEO. Micheal brings extensive financial and operational experience having recently worked as Group Finance Director at Rank Group plc and before that in Finance Director roles at ISS plc and the Post Office.
Barratt Redrow is in a strong financial position following the successful combination with Redrow, current trading remains solid and in line with the AGM trading update published on 5 November 2025.
Caroline Silver, Chair of Barratt Redrow, said:
"On behalf of the Board, I would like to thank Mike for his contribution during a pivotal period for the Group and we wish him well for the future."
Mike Scott, outgoing CFO, said:
"I would like to thank the Board for the opportunity to work with Barratt Redrow over the last four years and wish the Group all the best for the future."
Details of remuneration arrangements in relation to Mike Scott's departure from Barratt Redrow will be disclosed on the Barratt Redrow website in accordance with section 430(2B) of the Companies Act 2006.
For further information, please contact:
Barratt Redrow plc:
Analyst / investor enquiries
|
John Messenger, Group Investor Relations Director |
07867 201 763 |
Media enquiries
|
Tim Collins, Group Corporate Affairs Director |
020 7299 4874 |
Brunswick
|
Rosie Oddy / Peter Hesse |
020 7404 5959 |
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