Vistry Group Plc (VTY.L) Wednesday said that its current Chief Executive Officer or Greg Fitzgerald has informed the Board that he intends to retire from his position. Fitzgerald's retirement will see the separation of the Chair and CEO roles, the company said in an official statement.
On the LSE, VTY.L is down 5.7 percent on Wednesday's trading at 631.60 pence.
The British home construction company said that his tenure as Executive Chair will conclude at the Annual General Meeting on May 13. Fitzgerald will continue to serve as CEO for up to 12 months, or until a successor is appointed, it added.
Vistry Group said that a search for Fitzgerald's successor as CEO has been initiated and further updates will be given in due course, including the date on which he will step down from the Board.
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