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LONDON - Barratt Redrow (LON:RDW) plc, a prominent player in the UK housebuilding sector, has announced upcoming changes to its Board of Directors as the company nears the completion of the operational integration of Barratt and Redrow. Matthew Pratt, who has served as Redrow Chief Executive, is set to step down from the Board on June 30, 2025, but will remain available to the company until the end of the year.
In light of Pratt’s departure and the previously announced retirement of Steven Boyes on September 6, 2025, the executive leadership team will be led by David Thomas as Chief Executive Officer and Mike Scott as Chief Financial Officer.
David Thomas expressed gratitude for Pratt’s significant contributions, particularly highlighting his role in ensuring a smooth integration process following the landmark combination of Barratt and Redrow. Pratt’s tenure as CEO of Redrow spanned five years before the merger, and he played a pivotal part in the integration phase post-merger.
Pratt reflected on his time with Redrow, noting the privilege of working with dedicated colleagues and his pride in contributing to the merger, which he believes positions Barratt Redrow for a promising future.
This announcement also acts as an update to the post-offer intention statements made by Barratt Developments (LON:BTRW) plc in connection with the all-share combination with Redrow plc, which was completed on August 21, 2024. Pratt’s appointment as Chief Executive Officer of Redrow and Group Executive Director had been effective since October 4, 2024, following regulatory clearance by the UK’s Competition and Markets Authority.
Further details regarding Matthew Pratt’s remuneration will be disclosed on the company’s website as per section 430(2B) of the Companies Act 2006 and will be included in the company’s Annual Report and Accounts.
This news comes as Barratt Redrow continues to solidify its position in the industry, following the strategic consolidation that aimed to enhance its market presence and operational efficiency. The company’s leadership transition is a significant step in its post-merger evolution, signaling a new phase for the combined entity.
The information in this article is based on a press release statement from Barratt Redrow plc.
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