David Thomas, group chief executive of Barratt Redrow, has announced his decision to retire from the business after 17 years with the company. Thomas has held the position for 11 years and will continue in the role until the final quarter of 2026, remaining with the Group until March 2027 to ensure a smooth transition.
Thomas will be succeeded by Dean Banks, who will join at the end of the year following a rigorous selection process supported by external advisors.
He will join from Ventia Pty Limited, where he has served as group chief executive since 2021, leading the company through its listing and establishing it as a leading essential infrastructure services provider across Australia and New Zealand. Dean brings more than 15 years’ senior executive experience in listed global businesses, including Ventia, Balfour Beatty plc and De La Rue Ltd, and has recently announced his intention to return to the UK.
Barratt Redrow said that Dean was the right candidate to lead the business through its next phase of growth and deliver its strategy with discipline and focus.
David Thomas said: “It has been a privilege to serve as chief executive of Barratt Redrow, and I am incredibly proud of what we have achieved over the last eleven years. We have built a strong, disciplined and customer-focused business, delivering real value for shareholders, and creating thousands of high-quality sustainable homes and developments across the country.”
“I want to thank my colleagues across the organisation for their hard work, commitment and support. I look forward to continuing our work together over the coming months before handing over to Dean and I wish him and everyone associated with Barratt Redrow every success for the future.”
Dean Banks said: “I am proud and privileged to be joining Barratt Redrow as chief executive. Barratt Redrow is an exceptional UK homebuilder, leading the industry in quality, service and sustainability, with a strong platform for the future underpinned by a clear strategy and outstanding people.”
“I look forward to working with the Board and the wider team to build on this strong foundation and deliver long-term value for customers, shareholders and communities.”
Caroline Silver, group chair of Barratt Redrow, said: “The Board is delighted to appoint Dean Banks as chief executive of Barratt Redrow. He brings strong experience as a public company chief executive, with deep knowledge of the construction and infrastructure sectors and a proven track record of value creation. We are confident that Dean’s focus on disciplined execution, operational excellence and strong relationships with customers and stakeholders will help Barratt Redrow build on its strengths over the long term.”
“I would also like to thank David Thomas for his outstanding leadership and dedication to Barratt Redrow over many years. He will leave behind an industry-leading business with a clear strategy, a strong balance sheet and an exceptional team. On behalf of the Board, I want to express our sincere appreciation for his stewardship and significant contribution, and to wish David a very happy and well-earned retirement.”
