David Pretty's successor at Barratt revealed

David Pretty's successor as group chief executive of Barratt has been revealed: Mark Clare, currently managing director of Centrica's British Gas Residential Energy operation.

Clare, who was also a non-executive director of BAA until Ferrovial's takeover, will join Barratt in October. Pretty retires at the end of the year.

Barratt chairman Charles Toner said: "The board is delighted to have secured someone of the calibre of Mark Clare. His outstanding track record and experience as a FTSE100 managing director, combined with the very strong Barratt management team he inherits, gives us an exceptional blend of skills inside the board.

"David Pretty has given outstanding service to this company. We wish david and his family a long, happy and well-deserved retirement."