Vistry chief executive to step down - search for a successor underway

Housebuilder Vistry Group has announced that its chief executive and executive chair is set to retire from the company.

Greg Fitzgerald will conclude his tenure as chair on 13 May but will continue to serve as chief executive for up to 12 months, or until a successor is appointed.

The search for his successor is now underway, and the board has a detailed succession plan to enable a transition of responsibilities.

It comes as the developer reports year-end revenues of £4.1bn for the 12 months ended 31 December 2025 – down four per cent on 2024 figures – and operating profit of £353m, down one per cent.

Fitzgerald said: "It has been a privilege to work with such dedicated colleagues to transform the business to become the leading provider of affordable, mixed tenure housing in the country.

"It is an exciting time for Vistry as it focuses on addressing the chronic affordable housing shortage.

"After over 45 years in the sector, it is the right time for me to retire, and I am confident that Vistry will go from strength to strength well into the future."

Rob Woodward, senior independent and non-executive director of Vistry Group, added: "On behalf of the board, I would like to thank Greg for his outstanding contribution to Vistry since 2017 and to the sector over his illustrious career.

"During his time with Vistry, he has played a pivotal role in its strategic transformation by leading the turnaround of Bovis; the acquisition of Linden Homes and the Galliford Try partnerships business to create Vistry; the acquisition of Countryside; and the strategic step to focus on partnerships.

"The company is now well positioned for growth and is set to play a key role in the increased supply of high-quality affordable homes in the UK.

"His legacy and impact across the UK housing sector cannot be understated.

"We look forward to continuing to work with him until his departure, driving the success of the business, and we wish him well in his forthcoming retirement."

Vistry says it has "started the year well" in 2026 and "expects to deliver good year-on-year revenue growth".