Barratt Redrow CFO Steps Down Amid Solid Trading Performance

Barratt Redrow plc (LON: BTRW) announced today the immediate departure of Mike Scott as Chief Financial Officer (CFO) and Executive Director, effective immediately. Scott will remain available to assist with transitional support until January 31, 2026.

The Board of Directors has initiated a search for a replacement CFO. An announcement regarding the new appointment will be made in due course. In the interim, Micheal Passmore will assume the role of interim Deputy CFO, overseeing core finance functions and reporting directly to CEO David Thomas.

Passmore brings extensive experience, most recently serving as Group Finance Director at Rank Group plc, and previously holding Finance Director positions at ISS plc and the Post Office.

The leadership change occurs as Barratt Redrow reports a strong financial position following its merger with Redrow. Current trading performance remains solid and aligns with the AGM trading update published on November 5, 2025. This suggests the underlying business remains healthy despite the executive shuffle.

Caroline Silver, Chair of Barratt Redrow, thanked Scott for his contributions during a pivotal period for the Group. Outgoing CFO Mike Scott also expressed his gratitude to the Board and wished the Group success.

Details regarding Mike Scott's remuneration arrangements related to his departure will be disclosed on the Barratt Redrow website, adhering to section 430(2B) of the Companies Act 2006. This transparency is standard practice for publicly listed companies undergoing executive transitions.