The housebuilder Barratt Developments has said its chair John Allan will stand down to prevent the ongoing impact of the allegations against him “from becoming disruptive to the company”.
The news came days after it was announced that Allan would step down as chair of Tesco at the supermarket’s annual general meeting on 16 June.
Barratt stressed that it has not received any complaints about Allan during his tenure at the construction firm.
The company said it was “in the best interests of Barratt to accelerate the planned transition to the new chairman of the board to prevent the ongoing impact of the allegations against John from becoming disruptive to the company”.
Allan said: “It is with regret that at the request of the board I am stepping down as chairman of Barratt Developments plc as of 30 June 2023, ahead of finishing my tenure in early September as planned.
“My early departure from Barratt is a result of the anonymous and unsubstantiated allegations made against me, as reported in the Guardian which I vehemently deny.”
Barratt said John Allan would be replaced by non-executive director and chair-designate Caroline Silver.
More details soon …