Vistry shares jump 4% on appointment of new finance chief

Vistry Group PLC announced Thursday the appointment of Helen Miles as Chief Financial Officer and executive director, with her expected to join the Board during 2027.

Miles is currently CFO of Severn Trent PLC, a FTSE 100 water company. She joined Severn Trent in November 2014 as Chief Commercial Officer and was appointed CFO in July 2023. Miles previously served as CFO for HomeServe Plc and Openreach, part of the BT Group.

Shares of Vistry rose 4% following the announcement.

The company also announced that Robert Allen has been appointed as interim CFO and joins the Board with immediate effect. Allen will remain in the role pending Miles’ arrival in 2027. Allen was most recently CFO of The Crown Estate, a position he held for four years, and previously served as CFO at Intu Properties Plc and Crest Nicholson Plc.

"I am delighted to confirm the appointment of Helen Miles as CFO of Vistry," said Rob Woodward, Non-Executive Chair. "Helen is a high calibre finance and business executive who I am confident will work with the Board, Adam and the rest of the leadership team to maximise the strengths and opportunities of the Group’s mixed tenure partnership model."

Adam Daniels, CEO of Vistry, said he looked forward to working with Miles and noted that her appointment further strengthens the quality of the company’s executive leadership.

The appointment follows a comprehensive internal and external selection process led by the Chair.