Savills PLC Savills Announces Succession Plan (9356B)
16 January 2018 - 6:00PM
UK Regulatory
TIDMSVS
RNS Number : 9356B
Savills PLC
16 January 2018
16 January 2018
SAVILLS PLC
("Savills" or the "Group")
Savills Announces Succession Plan
The Board of Savills today announces that Jeremy Helsby will
retire as Group Chief Executive at the end of 2018 after a 39 year
career at Savills, 11 of them as Group Chief Executive. Jeremy will
be succeeded by Mark Ridley, currently CEO of Savills UK and
Europe, effective 1 January 2019. Mark will join the Board of
Savills plc as Deputy Group Chief Executive on 1 May 2018.
Mark Ridley joined Savills in 1996 and brings over 30 years
property experience in the UK, European and Asian markets. He was
CEO of Savills UK commercial business from May 2008 and has been
CEO of Savills UK since January 2013 and additionally of Savills
Europe since September 2014. He has also been a member of Savills
Group Executive Board since its establishment in February 2008.
There are no matters to be disclosed in relation to Mark Ridley
under Rule 9.6.13 of the Listing Rules.
Nicholas Ferguson, Chairman of Savills plc, comments:
"Under Jeremy Helsby's leadership Savills has been transformed
into a leading global real estate advisor, tripling revenue and
offering the full range of transactional, asset management and
consultancy services to clients in the world's prime real estate
markets. Jeremy has successfully both internationalised and
diversified the business during his decade as Chief Executive.
We are all delighted that, following his retirement from the
Board at the end of 2018, Jeremy's experience and energy will
remain available in an advisory role supporting our US management
team in further growing the Savills US business.
The Board is delighted to appoint Mark Ridley as Group Chief
Executive on Jeremy's retirement from the Board on 31 December
2018. Mark is a highly experienced and respected senior Savills
executive who will lead the Group's strong management team through
the next phase of the development of the Savills business
worldwide. The Board and I very much look forward to working with
him as Group Chief Executive."
Jeremy Helsby, Group Chief Executive, comments:
"I am delighted that Mark will succeed me as Group Chief
Executive effective 1 January 2019 and I look forward to working
closely with him over the next 12 months to ensure a smooth
handover. I am very pleased that from January 2019 I will be able
to support Savills in further growing its US business."
Mark Ridley, CEO of Savills UK and Europe, comments:
"I look forward to working with Jeremy and the rest of the Board
over the year ahead as Savills continues to build on its global
platform, delivering our clients with the very best service and
ensuring we remain the international real estate advisor of choice
in key global markets."
This announcement contains inside information.
For more information, please call:
Savills plc 020 7409 8934
Nicholas Ferguson
Chris Lee
Tulchan Communications 020 7353 4200
Peter Hewer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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