IN BRIEF: Barratt Redrow brings in Rank alum as CFO makes sudden exit

Barratt Redrow PLC - Leicestershire, England-based housebuilder - Chief Financial Officer Mike Scott leaves immediately ‘by mutual agreement’, while being available for transitional support until the end of January 2026. Barratt Redrow says it has started a search for a new CFO, but it also hires Micheal Passmore to be interim deputy CFO. Passmore was finance director for casino operator Rank Group PLC, and previously for ISS PLC and the Post Office. Barratt gives no reason for Scott quick departure as CFO. It says the company is in a ‘strong financial position’ following the 2024 merger of housebuilding peers Barratt Developments and Redrow. ‘Current trading remains solid,’ the company says, and in line with its annual general meeting update last week. At that time, Barratt Redrow left its annual outlook unchanged after a ‘resilient performance’ during the first few months of the financial year, saying it continues to focus on reaching 22,000 home completions per year in the ‘medium-term’.

Current stock price: 390.70 pence, down 0.6% in London on Thursday

12-month change: down 3.0%

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