Berkeley Group announces leadership reshuffle amid housing pledge
Berkeley Group Holdings has reported end-of-year pre-tax profits of £528.9m and £337.3m in net cash.
Rob Perrins, the current CEO, will transition to executive chairman, succeeding Michael Dobson, while Richard Stearn will become the new CEO.
The company delivered over 4,000 homes, with 92 per cent on brownfield land, and distributed £251.8m in dividends to shareholders.
Berkeley Group unveiled a new 10-year strategy, allocating £7bn in free cash flow and committing to return at least £2bn to investors.
The group affirmed its commitment to the government's housing agenda, advocating for regulatory improvements to accelerate the delivery of 1.5 million affordable homes.
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