Lynes replaces current head Chris Endsor, who moves up to become executive chairman. The company says these changes will come into effect at the end of the month.

Lynes joined Miller Homes 15 years ago and has held various senior positions in the firm during that time. He has been chief operating officer since 2019.

The firm says that Endsor in his new role as head of its board will “work closely with Stewart to develop and support the company’s strategy for future growth”.

As part of these moves, current chairman John White will step down at the end of this month.

Incoming executive chairman Chris Endsor says: “These changes have been planned for several years to ensure business continuity as we move into the next phase of our growth strategy.

“Stewart is an exceptional leader, the unanimous choice of the Board, and we have every confidence in him.

“As executive chairman, I look forward to continuing to work closely with him and all of the Miller Homes team to further enhance our position as a leading UK homebuilder of quality family homes.”

“I would also like to express my sincere gratitude to John White who will step down as chairman from the end of March for his support and commitment to Miller Homes over the last four years.”

Incoming chief executive Stewart Lynes adds: “We have an exceptional team and our position as one of the country’s leading homebuilders means we are well placed to continue our strong performance trajectory.”

Miller Homes also says that it expects its buyout from UK investment group Bridgepoint, led jointly by its management and Apollo affiliates, part of US asset manager Apollo Global Management, is expected to be completed in the first quarter of this year. The deal was first announced in December for an undisclosed sum, but was widely reported to be worth £1.2bn.

The housebuilder currently builds around 4,000 homes a year across the UK, predominantly in Scotland, the North of England, and the Midlands, but says it has “ambitions to grow to 6,000 units in the medium-term”.