– UK, Kent – Vistry Group PLC (LON: VTY) today announced the appointment of current CEO Greg Fitzgerald to the additional role of Executive Chair with effect from the AGM in May, to succeed Ralph Findlay who will step down from the Board.
The Board also announced the appointment of Usman Nabi to its Board as a Non-Executive Director with effect from today. He will also serve on the Nomination Committee.
The company also announced that Jeff Ubben is stepping down as a Non-Executive Director with immediate effect, while Chris Browne will step down from the Board at the AGM in May.
The Board has commenced a search for an experienced Senior Independent Director who will provide additional oversight on governance matters and serve as an alternative point of communication for investors and the other Non-Executive Directors.
About Usman Nabi
As a highly experienced board member and investor in both the United States and the United Kingdom, Usman Nabi will be a valuable addition to the Board. He is being appointed as a representative of Browning West, an independent investment partnership based in Los Angeles, California, and currently the Company’s largest shareholder. In light of his position at Browning West and its interest in the Company, the Board has determined that Mr. Nabi is not considered independent under the UK Corporate Governance Code.
SOURCE: https://www.vistrygroup.co.uk/
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