Barratt Redrow chief executive David Thomas has decided to retire after 17 years with the company, and 11 of them at the top.
He will be succeeded by Dean Banks, who will join the company in the final quarter of 2026.
Banks is currently chief executive of Ventia Pty, an infrastructure services company in Australia and New Zealand. He was previously chief executive of Balfour Beatty UK 萝莉原创 Services but decided to move down under at the start of 2021 to take the helm at Ventia.
He was with Balfour Beatty for more than five years. Before that, he spent 11 years making tractors with Massey Ferguson and then 14 years making money with De La Rue.
David Thomas will remain with Barratt Redrow until March 2027 to help smooth the transition.
Barratt Redrow chair Caroline Silver said of Dean Banks: 鈥淗e brings strong experience as a public company chief executive, with deep knowledge of the construction and infrastructure sectors and a proven track record of value creation. We are confident that Dean's focus on disciplined execution, operational excellence and strong relationships with customers and stakeholders will help Barratt Redrow build on its strengths over the long term.鈥�
She added: 鈥�"I would also like to thank David Thomas for his outstanding leadership and dedication to Barratt Redrow over many years. He will leave behind an industry-leading business with a clear strategy, a strong balance sheet and an exceptional team."
David Thomas said: "It has been a privilege to serve as chief executive of Barratt Redrow, and I am incredibly proud of what we have achieved over the last 11 years. We have built a strong, disciplined and customer-focused business, delivering real value for shareholders, and creating thousands of high-quality sustainable homes and developments across the country."
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