Vistry Group (VTY): New CEO operational review
This situation live
VTY Vistry Group
13 May 2026 · Review under way, led by new CEO · −18% until the next step
As part of his new role, Adam is leading an operational review of the Group, the findings of which will be shared no later than our interim results on 24 September 2026.
8 Jul 2026 · Initial conclusions given; full review pending · +11% until the next step
We previously announced that Adam Daniels, our new CEO, has initiated a review of the execution of our strategy, supported by external consultants.
8 Jul 2026 · Review ongoing; CFO to leave in October · +11% until the next step
Tim will remain with the Company until October, following publication of the HY results and completion of the CEO review, to support an orderly transition and handover of responsibilities.
24 Sep 2026 · Review complete; resizing plan being executed · −2% since
We are repositioning Vistry as a specialist mixed-tenure housebuilder that will deliver consistent, cash-backed growth in earnings alongside highly attractive returns on capital.
New CEO operational review
Review complete; resizing plan being executed
Next: New CFO appointment announced imminently
Every step · 4
- 13 May 2026 Review under way, led by new CEO – As part of his new role, Adam is leading an operational review of the Group, the findings of which will be shared no later than our interim results on 24... ↗
- 8 Jul 2026 Initial conclusions given; full review pending – We previously announced that Adam Daniels, our new CEO, has initiated a review of the execution of our strategy, supported by external consultants. ↗
- 8 Jul 2026 Review ongoing; CFO to leave in October – Tim will remain with the Company until October, following publication of the HY results and completion of the CEO review, to support an orderly transition... ↗
- 24 Sep 2026 Review complete; resizing plan being executed – We are repositioning Vistry as a specialist mixed-tenure housebuilder that will deliver consistent, cash-backed growth in earnings alongside highly... ↗
What is happening
Vistry Group: New CEO operational review – Review complete; resizing plan being executed. ['Review complete; resizing plan being executed']
- In short
- Adam Daniels became CEO on 13 April 2026 and CFO Tim Lawlor resigned on 8 July. Review conclusions were published on 24 Sep 2026 with the half-year results. They shrink the Group to about 12,000 completions, exit South East Open Market sales, cut regions from 25 to 12 and add £50m of savings. About £470m of FY26 charges are expected, and a new CFO is to be named imminently.
- Announced
- 13 May 2026 · Review under way, led by new CEO
- Latest
- 24 Sep 2026 · Review complete; resizing plan being executed
- CFO successor
- Board has started a search; further update in due course
- Destination
- CFO role at a large privately-owned business in a different sector
- Scale
- c.12,000 completions p.a. medium term; c.60% Partner Funded, 40% Open Market
- Regions
- 25 regions consolidated into 12; South East moves to fully pre-sold model
- Cost savings
- £50m p.a. new plus £25m p.a. previously identified; FY26 cost c.£40m
- FY26 charges
- c.£470m expected; FY26 APBT c.£165m excluding these items
- FY27 APBT
- c.£185m if market conditions remain broadly stable
- Five-year targets
- ROCE above 30% and 12% operating margin by FY31; capital employed c.£1.5bn
What comes next
New CFO appointment announced imminently.
From the company's own announcements. Not investment advice.
Briefing
Vistry Group in 4 minutes
Vistry builds homes across the UK, mostly for housing associations, councils and rental investors rather than for individual buyers. In 2023 it set targets of 40% return on capital and £800m of operating profit. By...
- Act 1The partnerships bet, 2023 to mid-2024
- Act 2South Division errors and a broken promise
- Act 3Stabilising, then a cash squeeze in 2026
Also at Vistry Group 3 open
Insider conviction6 directors buying – £1,239k in 7 buys
Transformational contract / build-outSAHP 2026-2036 grant allocations – First wave allocated; £350m direct award won
Upgrade / downgrade cycleReturn to net cash – Year-end target cut to broadly neutral cash
New CEO / resetChair and CEO succession – Adam Daniels appointed CEO; Fitzgerald leaves immediately · closed
Insider conviction1 director buying – £496k in 1 buy · closed
Vistry Group – company page →