Vistry COO steps down ahead of proposed Countryside merger

Housebuilder Vistry said on Friday that chief operating officer Graham Prothero will stand down from the group following the completion of its proposed combination with Countryside Partnerships.

Vistry stated that Prothero will resign from the role and its board on 11 November in order to take up the position of CEO at rival MJ Gleeson.

However, Prothero will remain working with the group until 31 December as part of an effort to ensure an effective transition of his responsibilities to chief financial officer Earl Sibley.

In turn, the vacant CFO slot left by Sibley's promotion will be filled by Tim Lawlor - who is currently the chief financial officer at Countryside Partnerships.

Reporting by Iain Gilbert at Sharecast.com