Barratt FD retires after 14 years

Barratt’s long-term finance director Colin Dearlove is to retire, the company
said today.

Dearlove, 54, joined Barratt in 1981 and became group finance director in

1992, holding the position for the last 14 years.

He is to be replaced by Mark Pain, former finance director of Abbey National.

Pain, 44, had been the FTSE’s youngest finance director at the time when
appointed at 36 to the top finance role at Abbey National.

Barratt’s group chief executive David Pretty said: ‘Colin Dearlove has done a
tremendous job for the Barratt Group over the past 14 years and his contribution
to the financial strength of the business is testimony to that. Colin will
ensure an orderly handover to Mark Pain, and will then be free to enjoy a
hard-earned retirement. We wish him well.’

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