Ms Daly will assume the position at the conclusion of the Annual General Meeting on April 26.

Taylor Wimpey said the appointment follows a thorough recruitment and selection process, led by the nomination and governance committee of the board, that considered a long list of industry and non-industry candidates, along with extensive consultation with shareholders.

In her current role, Jennie oversees Taylor Wimpey’s land, planning, design, technical, sustainability, production and supply chain functions, as well as managing the Taylor Wimpey Logistics business. She has almost 30 years of experience in the housebuilding and land and planning industries, with excellent relationships across all stakeholders.

Jennie joined Taylor Wimpey in 2014 from Redrow Plc where she was managing director of its Harrow Estates business and, prior to that, was group land manager at Westbury Plc. Her early career was in local authority and council planning roles in Macclesfield and Blackpool. Jennie is also a non executive director of the Peabody Trust and of the New
Homes Quality Board Limited.

Irene Dorner, chairman, said: “I am delighted to announce the appointment of Jennie Daly as our new CEO. Jennie has extensive experience in the housebuilding sector and has demonstrated exceptional leadership and a razor-sharp operational focus. Her strong focus on execution, combined with her customer and people-focused skills, set her apart from the other candidates we were considering. I look forward to continuing to work closely with her as we execute our next phase of growth.

“I would also like to extend the Board’s thanks once again to Pete for his exemplary leadership of the business and over two decades of service to Taylor Wimpey. Pete leaves behind a very strong and stable business well set for growth, with a culture that we are all truly proud of. On behalf of the board, I wish him and his family very well for the future.”

Jennie Daly, CEO designate, said: “It is an honour and privilege to take on the role of CEO at Taylor Wimpey and I am delighted to have the support of the board and our executive and wider teams. This is an outstanding business with a strong landbank and strategic land pipeline, and a talented and committed team. Taylor Wimpey is strongly positioned to deliver sustainable sector-leading growth and returns, whilst always operating as a responsible business. I am energised by the opportunities at Taylor Wimpey and look forward to working closely with the Board and our teams to deliver on the significant potential at the company.”