Barratt Developments appoints Mike Scott as new CFO

Boardroom

Barratt Developments PLC (LON:BDEV) has announced the appointment of Mike Scott as an Executive Director and Chief Financial Officer. The date he will join Barratt is currently being finalised and will be announced in due course.

Mike Scott, who is currently the Chief Financial Officer of Countryside Properties PLC (“Countryside”), has extensive experience in the housebuilding sector, having joined Countryside as Group Financial Controller in 2014. During the past seven years, Mike has overseen a period of significant growth at Countryside, including the Group’s IPO in February 2016 and the acquisition of Westleigh Homes in April 2018. Prior to joining Countryside, Mike held a number of senior finance roles from 2010 until 2014 at J. Sainsbury Plc, including latterly as Head of Investor Relations. Mike qualified as a chartered accountant with PricewaterhouseCoopers LLP in 2002.

Mike Scott said: “I am delighted to be joining Barratt as Chief Financial Officer. I have long admired Barratt’s commitment to delivering high-quality, sustainable homes and I join a business in a strong financial position. I look forward to working with the Barratt team as we continue to deliver operational improvements across the business, whilst maintaining industry-leading standards in sustainability, quality and service.”

As previously announced, Jessica White will step down from the Board on 30 June 2021 and thereafter David Thomas, Barratt Group Chief Executive, who previously held the role of Barratt Chief Financial Officer for six years until July 2015, will assume temporary responsibility for the finance function. He will be supported by John Flynn, Group Operations Financial Controller and Jonathan Rumble, Group Financial Controller.

The following information is required to be disclosed pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority. Mike Scott has held the following directorships in a publicly quoted company in the previous five years:

Countryside Properties PLC: October 2018 to current

John Allan, Chairman of Barratt Developments, said: “Mike has a deep understanding of the housebuilding industry and we are delighted that he has agreed to bring his very relevant financial and operational expertise to Barratt.  Mike will work closely with our experienced management team to reinforce Barratt’s position as the country’s leading housebuilder, whilst driving further value creation through a continued focus on our medium-term targets.”

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