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Greg Fitzgerald, Bovis鈥� newly-appointed chief executive, has signalled his confidence in the embattled housebuilder by buying 134,369 shares in the company for 拢1.24m.

Construction industry veteran Fitzgerald emerged from retirement earlier this month to head up the company, which recently saw off billion-pound takeover bids from Redrow and Galliford Try.

He began his new job last week on a basic annual salary of 拢650,000 and an annual bonus of up to 100% of salary payable in shares and deferred for three years.

At the time of the announcement of his appointment Fitzgerald said: 鈥淏ovis has a great brand, excellent people and a high quality land bank,鈥� adding he looked forward to working with the management team to restore Bovis鈥� position as a leading housebuilder and deliver significantly improved returns to shareholders鈥�.

Also buying shares in the company was non-executive director Ralph Findlay, who acquired 2,687 for just under 拢25,000.

Findlay was appointed a non-executive director at Bovis in April 2015 and combines his 拢54,000-a-year role with running Marstons, the Midlands-based brewer, as its chief executive.

The moves came after Bovis made its first two major appointments in Fitzgerald鈥檚 first week in the role.

James Dunne, previously an operations director at Barratt and David Wilson Homes, has been named Bovis鈥檓anaging director of its Thames Valley region.

The Thames Valley region is part of the firm鈥檚 East division which is headed up by James Watson.

Watson is also in charge of the Southern region which also last week announced that Steve Jones, whose CV includes stints at Crest Nicholson, St James Homes and Bellway, had been appointed to head up that business.