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RNS Number : 2104V  Barratt Redrow PLC  04 March 2026

4 March 2026

Barratt Redrow plc announces Group Chief Executive Succession Plan

 

Barratt Redrow plc ("Barratt Redrow" or the "Group") is pleased to announce
the appointment of Dean Banks as its next Group Chief Executive. He will join
the Group in the final quarter of 2026 and succeed David Thomas who has
decided to retire from the business after 11 years as Group Chief Executive
and 17 years with the Group.

 

Following a rigorous selection process supported by external advisers, the
Board identified Dean as the right candidate to lead Barratt Redrow through
its next phase of growth and deliver its strategy with discipline and focus.

 

He will join from Ventia Pty Limited ("Ventia"), where he has served as Group
Chief Executive since 2021, successfully leading the company through its
listing and establishing it as a leading essential infrastructure services
provider across Australia and New Zealand. Dean brings more than 15 years'
senior executive experience in listed global businesses, including Ventia,
Balfour Beatty plc and De La Rue Ltd, and has recently announced his intention
to return to the UK.

 

David Thomas will continue as Group Chief Executive and a member of the Board
until Dean joins Barratt Redrow in the final quarter of 2026 and then will
remain with the Group until March 2027 to ensure a smooth and orderly
transition.

 

Caroline Silver, Group Chair, said:

 

"The Board is delighted to appoint Dean Banks as Chief Executive of Barratt
Redrow. He 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.

 

"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. On behalf of the Board, I want to express our sincere
appreciation for his stewardship and significant contribution, and to wish
David a very happy and well-earned retirement."

 

David Thomas, Group Chief Executive Officer, 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 eleven 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.

 

"I want to thank my colleagues across the organisation for their hard work,
commitment and support. I look forward to continuing our work together over
the coming months before handing over to Dean and I wish him and everyone
associated with Barratt Redrow every success for the future."

 

Dean Banks said:

 

"I am proud and privileged to be joining Barratt Redrow as Chief Executive.
Barratt Redrow is an exceptional UK homebuilder, leading the industry in
quality, service and sustainability, with a strong platform for the future
underpinned by a clear strategy and outstanding people.

 

"I look forward to working with the Board and the wider team to build on this
strong foundation and deliver long term value for customers, shareholders and
communities."

 

 

Further information required under UK Listing Rule 6.4.8R in respect of Dean
Banks will be disclosed in due course.

 

ENDS

 

For further information, please contact:

 Barratt Redrow plc
 John Messenger, Group Investor Relations Director                            07867 201 763

 Media enquiries
 Tim Collins, Group Corporate Affairs Director                                01530 278 278

 Brunswick
 Rosie Oddy / Peter Hesse                                                     020 7404 5959

 

 

www.barrattredrow.co.uk (http://www.barrattredrow.co.uk)

Barratt Redrow plc LEI: 2138006R85VEOF5YNK29

Financial reporting calendar

The Group's next scheduled announcement will be a trading update on Wednesday
15 April 2026.

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