The chief financial officer (CFO) at Metropolitan Housing Trust (MHT), Ian Johnson, has stated his intention to retire after a decade in the role.

Johnson, whose career spans 40 years, will leave the firm in the autumn.

The group said that "while current market conditions make development of homes more challenging", it continues to have the financial capacity to build new homes and is on track to deliver 569 homes in the year to March 2025.

MHT added that it is now focused on the appointment of a new CFO, who will "build on this track record of success and continue to maintain [its] strong financial governance".

Johnson stated: "Serving as CFO for a values-based organisation like Metropolitan Thames Valley Housing (MTVH) has been a great privilege.

"In a sector facing several competing pressures, stewarding MTVH's finances has involved many challenging decisions, however it has been wonderful to see our residents always at the forefront of our thinking. This was exemplified by our 2023 board decision to provide fully for the remediation cost of our qualifying leaseholders and create a carve out from our loan covenant to expedite MTVH's fire safety remediation programme.

"Over the last 10 years I have worked hard to build a finance team with strength in depth that has well-established reporting and financial control processes and a clear operating model. After a 40-year career, this feels the right time for me to retire and hand over responsibility.

"I am proud of what we have achieved together in my time at MTVH. We have enhanced resident experience, created great places to live and met the challenges faced by communities by supporting people to live well."

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