Ian Tyler, chairman of Vistry Group, will step down from the role at the housebuilder’s annual general meeting next May, after eight-and-a-half years in the post.
Tyler will be replaced by Ralph Findlay, who has been a non-executive director at the company since 2015 and chairs its audit committee. Findlay was chief executive at Marston’s from 2001 until his retirement last month.
Chief executive Greg Fitzgerald said Tyler has given “significant support and contribution” to turning around Bovis Homes and through the acquisition of Linden Homes and Partnerships to form Vistry.
He added that Findlay will “provide important continuity for Vistry as we pursue the group’s growth strategy and continue the great progress towards our medium-term targets in both housebuilding and partnerships”.
Last week Vistry said it is on track to turn a £345m pretax profit in its upcoming results.
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