Vistry shares surge 4% after CFO appointment

Vistry Group’s shares rose by 4 per cent after the housebuilder announced the appointment of a new chief financial officer (CFO) and executive director.

Helen Miles, currently CFO at FTSE water company Severn Trent, a position she has held since 2023, is set to take up the role and join Vistry’s board next year.

She first joined Severn Trent in 2014 as chief commercial officer, before progressing to capital and commercial director in 2020.

Following the announcement, the group’s shares rose by 4.23 per cent to 265.87 pence, up from 255.20 pence, according to the London Stock Exchange.

Miles is anticipated to bring a wealth of finance and strategy experience to Vistry, having held CFO roles at HomeServe and Openreach, part of the BT Group, and also previously working at Barclays and Compass Group.

Speaking on her appointment, she said she was “excited” to be joining Vistry at this time.

She said: “Vistry has a clear focus on strong operational performance and delivering high quality homes across all tenures. I look forward to working with colleagues across the business to support the strategic evolution of the group to drive long term value for partners, customers, shareholders and all other stakeholders.” 

Chief executive at Vistry, Adam Daniels added: “I am very much looking forward to working with Helen and have enjoyed getting to know her through the recruitment process. Her appointment further strengthens the quality of our executive leadership and, together, our focus will be on delivering our recently announced plans.” 

In the meantime, Vistry has appointed an interim CFO, Robert Allen, who will remain in the role pending Miles’ arrival in 2027.

Allen also has extensive financial experience, having previously been CFO at Crest Nicholson, Intu Properties, and most recently The Crown Estate.

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