Greg Fitzgerald has instructed the Vistry board that he intends to retire from the corporate.
His tenure as chair will finish on the corporate’s AGM on 13th Would possibly 2026 however he’s going to proceed as leader government for as much as three hundred and sixty five days, or till a successor is appointed. The seek for a brand new CEO has already begun.
Greg Fitzgerald got here to prominence within the building business because the founding father of Midas Properties, which used to be got through Galliford in 1997. When Galliford Tr (because it used to be through then) additionally purchased Fitzgerald’s subsequent house-building challenge two years later, they introduced him in to go the house-building department. He used to be leader government of Galliford Check out from 2005 to 2015, and oversaw the £244m acquisition of Linden Properties in 2007.
He joined Bovis Properties as leader government in April 2017 when the trade used to be in a large number. In January 2020 he finished the £1.1bn acquisition of Galliford Check out’s Linden Properties and Partnerships & Regeneration companies. The merged trade had been introduced in combination underneath the re-named Vistry Staff. In January 2024 he government chair in addition to leader government, opposite to what’s usually thought to be best-practice for public corporations.
Fitzgerald stated: “It’s been a privilege to paintings with such devoted colleagues to turn out to be the trade to transform the main supplier of reasonably priced, combined tenure housing within the nation. It’s an exhilarating time for Vistry because it specializes in addressing the power reasonably priced housing scarcity. After over 45 years within the sector, it’s the proper time for me to retire and I’m assured that Vistry will cross from power to power neatly into the longer term.”
Rob Woodward, senior unbiased and non-executive director of Vistry Staff, stated of Fitzgerald: “All through his time with Vistry, he has performed a pivotal position in its strategic transformation through main the turnaround of Bovis; the purchase of Linden Properties and the Galliford Check out partnerships trade to create Vistry; the purchase of Nation-state; and the strategic step to concentrate on partnerships. The corporate is now neatly situated for expansion and is ready to play a key position within the larger provide of top quality reasonably priced properties in the United Kingdom. His legacy and affect throughout the United Kingdom housing sector can’t be understated. We sit up for proceeding to paintings with him till his departure, riding the luck of the trade, and we want him neatly in his coming near near retirement.”
Vistry has additionally posted its monetary effects for 2025 (yr to 31st December) appearing an 87% jump in pre-tax benefit to £196m (2024: £105m) on income down 4% at £3,614m.
Fitzgerald turns 62 in June 2026; that he’s if truth be told going to retire turns out not likely. Much more likely a 3rd act awaits.
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