Taylor Wimpey PLC chief Pete Redfern to step down after 14 years

Taylor Wimpey PLC (LSE:TW.) said Pete Redfern will step down as the group’s chief executive officer after more than 14 years in the role.

Redfern will stay on as CEO until a suitable candidate has been identified and a full handover has taken place, the housebuilder said in a statement.

“The board has a robust succession plan in place and the recruitment process is advanced, with a selection process considering both internal and external candidates,” it said.

“Pete has made an invaluable contribution to the business during his almost 15 years as CEO, including having successfully led the company through a global financial crisis and the recent pandemic,” said chair Irene Dorner.

“Pete has led a management team which has overseen the transformation of Taylor Wimpey into one of the largest housebuilders in the UK, with an industry leading landbank, a strong financial position and a clear and deliverable strategy for profitable growth. In addition, Pete will leave the business with a strong and differentiated culture he can be proud of creating.”

Redfern added: “The business is in excellent health and is well positioned for strong future growth. Accordingly, I am confident that now is the right time for fresh leadership as Taylor Wimpey starts the next chapter.”