29th Jun 2021 08:35
(Alliance News) - Barratt Developments PLC on Tuesday said it has hired Countryside Properties PLC Chief Financial Officer Mike Scott as its own CFO.
Scott has been with Essex-based housebuilder Countryside for seven years, overseeing its initial public offering in 2016 and the GBP135.4 million acquisition of Westleigh Group Ltd in 2018. He previously held finance roles at grocer J Sainsbury PLC.
Shares in Barratt were up 1.5% to 713.76 pence in London on Tuesday morning. Countryside shares were up 0.8% to 486.60p.
Barratt's current CFO, Jessica White, is stepping down on June 30 for personal reasons, the Leicestershire-based company announced back in March. Scott's start date is being finalised, and Barrat Chief Executive David Thomas will take responsibility for finance in the interim.
Countryside said it is starting a search for Scott's successor.
"Mike has a deep understanding of the housebuilding industry and we are delighted that he has agreed to bring his very relevant financial and operational expertise to Barratt," Barratt Chair John Allan said.
By Ivan Edwards; [email protected]
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