Fresh shareholder revolt at Vistry as one fifth vote against Fitzgerald’s appointment as executive chair

By Daniel Gayne2024-05-17T12:08:00

Greg Fitzgerald will serve as chief executive and chair, breaking city governance codes

Vistry has been faced with another shareholder revolt, this time over the appointment of chief executive Greg Fitzgerald as chair of the housebuilder.

The board announced in January that it had asked Fitzgerald to take the chair role, a move which breaks city governance codes while he remains chief executive of the company.

It followed a year of turmoil among shareholders of the company, with a succession of shareholder rebellions over executive pay leading three non-executive directors to leave.

In a recent interview with Housing Today, Fitzgerald explained that he had been asked to take the chair position in order to “bring some stability to the board”.

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