Housebuilding giant Vistry has promoted Adam Daniels to chief executive and executive director of Vistry with immediate effect, replacing outgoing chief executive Greg Fitzgerald.
Daniels current role was executive chair of one of Vistry’s operating divisions and he is already a member of the group’s executive leadership team.
Fitzgerald announced his retirement in March after joining Vistry in 2017. He has now officially stepped from both his roles as chief executive and executive chair, with independent director Rob Woodward taking over the latter.
The group confirmed that a resolution to re-elect Fitzgerald as a director had also been withdrawn.
Daniels has experience in the UK partnerships, affordable housing and housebuilding sectors, and joined Countryside Partnerships in 2016, where he helped the business expand to new regions, before taking up his first senior leadership role in 2019.
Prior to joining Countryside Partnerships, he also worked at Galliford Try Partnerships and Bloor Homes.
“I have been privileged to lead many parts of the organisation, and I am now honoured to be appointed chief executive,” he said.
“As outlined at the time of our 2025 results last month, the group is currently focused on improving cash generation, driving open-market sales and reducing inventory levels.
“Vistry is a great business, with an unrivalled position in leading the industry in the delivery of affordable housing and a strong track record of delivery in the homebuilding sector.
“We have a unique partnerships model, strong relationships with our partners and the benefits of our approach will be central to realising our clear potential and creating long-term value.”
Oli Creasey, head of property research at Quilter Cheviot, added: “Vistry provided the market with a surprise this morning with the announcement of Adam Daniels’ appointment. Rob Woodward is also taking up the role of chair, which means that Greg Fitzgerald is stepping down from both roles with immediate effect.
“While the transition of both roles has been well-flagged, the timeline comes as a surprise, with the search for the new chief executive in particular guided to take until March 2027 at the latest.
“While investors may be reassured to see the transition not drag on, and see a well-respected internal candidate take on the chief executive role, they may also be confused as to why guidance was provided just over a month ago that the search might take up to a year to complete, especially as Vistry now tell us that a ‘multi-year chief executive succession plan’ has already concluded.”
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