Vistry Group PLC (VTY), the UK housebuilder operating a mixed tenure partnership model, has announced the appointment of Helen Miles as Chief Financial Officer and executive director, with her expected to join the Board during 2027. Concurrently, Robert Allen has been appointed interim CFO with immediate effect, joining the Board while Miles transitions from her current role. The dual appointment signals a structured leadership succession at Vistry as the group pursues its recently announced strategic plans.

Key Points

  • Vistry Group PLC (VTY) — UK-listed housebuilder focused on mixed tenure partnership housing
  • Helen Miles appointed permanent CFO; Robert Allen appointed interim CFO with immediate Board effect
  • Miles currently serves as CFO of FTSE 100 company Severn Trent PLC, appointed to that role in July 2023
  • Investors should watch for Miles's formal start date in 2027 and any strategic updates linked to the new leadership team

Helen Miles Joins Vistry From Severn Trent, Bringing FTSE-Listed Finance Expertise

Helen Miles is currently Chief Financial Officer of Severn Trent PLC, the FTSE 100 water utility, a role she has held since July 2023. She first joined Severn Trent in November 2014 as Chief Commercial Officer before becoming Capital and Commercial Services Director in 2020. Prior to Severn Trent, Miles served as CFO of HomeServe Plc and Openreach, part of BT Group, and held roles at Bass Taverns, Barclays Bank, and Compass Group. She also serves as a non-executive director of Breedon Group plc, adding listed-company board governance experience to her profile.

Rob Woodward and Adam Daniels Confirm Selection Followed Comprehensive Search Process

The announcement confirms the appointment followed a comprehensive internal and external selection process led by Non-Executive Chair Rob Woodward. Woodward described Miles as a "high calibre finance and business executive" who would work alongside CEO Adam Daniels to maximise the strengths of the Group's mixed tenure partnership model. Daniels stated the appointment "further strengthens the quality of our executive leadership," with a shared focus on delivering recently announced plans. Miles herself described enthusiasm for supporting Vistry's "strategic evolution" to drive long-term value for partners, customers, and shareholders.

Robert Allen Appointed Interim CFO With Immediate Effect, Pending Miles's 2027 Arrival

Robert Allen joins Vistry's Board immediately as interim CFO, bridging the gap until Miles takes up her permanent role. Allen brings extensive property and real estate finance experience, having most recently served as CFO of The Crown Estate for four years. He previously held CFO positions at Intu Properties Plc and Crest Nicholson Plc. In accordance with UKLR 6.4.8R(3), the announcement discloses that Allen was an executive director of Intu Properties plc and related entities, each of which entered administration on 26 June 2020, and a director of Intu Payments Limited, which entered creditors' voluntary liquidation on 26 October 2021.

Vistry's Partnership Housing Model Provides Context for CFO Succession Timing

Vistry Group operates a distinctive mixed tenure partnership housing model, delivering homes across various tenures in collaboration with housing associations, local authorities, and other partners across the UK. The CFO transition comes as the group is executing recently announced strategic plans, details of which were not elaborated upon in this announcement. Investors may watch how the incoming permanent CFO's capital markets and investor relations background aligns with Vistry's operational and financial objectives as the group moves through its next development phase.