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VP (VP.): CEO succession

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VP. VP

£209m · 524.0p · −5% since the first step
590.0p 424.0p Now 524.0p · 23 Oct +6% −15% +12% +0% Nov ’25DecJan ’26FebMarAprMayJunJulAugSepOct
27 Nov 2025 · Recruitment in progress · +6% until the next step The CEO recruitment process is in progress with a focus on a smooth leadership transition
10 Jun 2026 · Diagnostic done; plan in development · +12% until the next step Further details will be shared within the financial year.
12 Oct 2026 · Plan in development; strategy progressing, details at interims · +0% since We will provide further details at our interim results.
New CEO / reset
CEO succession
Plan in development; strategy progressing, details at interims
NOV25 Next: further details at interim results in 32 days
Every step · 4
  1. 27 Nov 2025 Recruitment in progress – The CEO recruitment process is in progress with a focus on a smooth leadership transition ↗
  2. 19 Dec 2025 Successor appointed; starts 1 February 2026 – Alice will assume the role on 1 February 2026, working closely with Anna Bielby for a short handover period to ensure a smooth and orderly transition. ↗
  3. 10 Jun 2026 Diagnostic done; plan in development – Further details will be shared within the financial year. ↗
  4. 12 Oct 2026 Plan in development; strategy progressing, details at interims – We will provide further details at our interim results. ↗

What is happening

VP: CEO succession – Plan in development; strategy progressing, details at interims. ['Plan in development; strategy progressing, details at interims']

In short
New CEO Alice Woodwark started on 1 February 2026 and is developing a medium-term plan. The October 2026 update cites an enhanced Executive Committee and continued digital investment, but gives no plan targets. Further details are due with the interim results.
Announced
27 Nov 2025 · Recruitment in progress
Latest
12 Oct 2026 · Plan in development; strategy progressing, details at interims
CEO
Alice Woodwark, CEO since 1 February 2026
Leadership
Enhanced Executive Committee has strengthened the Group's leadership
Digital
Digital transformation programme continues to improve operational efficiency
Next milestone
Interim results on 25 November 2026

What comes next

further details at interim results (25 Nov 2026).

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From the company's own announcements. Not investment advice.

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