LSL Property Services Board Changes (2265M)
August 22 2013 - 2:01AM
UK Regulatory
TIDMLSL
RNS Number : 2265M
LSL Property Services
22 August 2013
For immediate release 22 August 2013
LSL Property Services PLC
Board changes
LSL Property Services PLC ("LSL"), a leading provider of
residential property services incorporating estate agency and
surveying businesses, today announces the following Board changes,
having conducted a thorough succession planning and search
process.
Ian Crabb will join LSL as Group Chief Executive on 9 September
2013. Ian was most recently Executive Chairman of Learndirect,
where he worked closely with Lloyds Development Capital on
Learndirect's growth strategy. Previously, Ian was Chief Executive
of Quadriga Worldwide, Europe's market leader in digital IP
communication and entertainment services for hotels, where he was
responsible for expanding the business into 50 countries. Over the
seven year period of his stewardship, which included the 2007 sale
of the company by Terra Firma, the business consistently
over-achieved against demanding financial targets.
Earlier, Ian was a member of the Industrial Advisory Board at
Permira Advisers LLP and worked on major transactions including the
EUR640m buy out of Hogg Robinson. Prior to this he was Chief
Executive of IKON Office Solutions, the document management and
office products provider for six years, delivering significant
growth both organically and through several acquisitions.
Simon Embley, who has been Group Chief Executive of the business
for 12 years, had indicated his intention to hand over the role and
will from 9 September 2013 move to a new role of Deputy Chairman.
As part of this new role, his priority will be to ensure a smooth
handover to the new Group Chief Executive and to maintain focus on
the execution of LSL's existing strategy to continue delivering
shareholder value as the market recovers.
Commenting on the Board changes, Roger Matthews, Chairman,
said:
"The proposed changes reflect the Board's desire to implement an
orderly succession to a new Group Chief Executive whilst retaining
Simon's significant knowledge of the residential property market
and, in particular, maintaining key client and industry
relationships. The business is in a strong position to deliver
shareholder value and to embark on the next phase of its
development as the market recovers."
Simon Embley, Group Chief Executive, added:
"I am delighted to welcome Ian as Group Chief Executive and I
look forward to working with him as we continue to grow and develop
LSL. Ian has a wealth of experience in growing entrepreneurial
businesses in both B2B and B2C markets and is therefore the ideal
candidate to enable LSL to capitalise on the market recovery."
Ian Crabb, commenting on his appointment, said:
"I am delighted to be joining LSL at this exciting stage in its
development. I look forward to working with Simon and the team to
continue to grow and develop the business from the strong platform
in place."
There is no further information to be disclosed in accordance
with Listing Rule 9.6.13.
For further information, please contact:
Simon Embley, Group Chief Executive
Steve Cooke, Group Finance Director
LSL Property Services plc 0207 382 0360
Richard Darby, Sophie McNulty, Helen Greenwood
Buchanan 0207 466 5000
www.buchanan.uk.com
Notes to Editors:
About LSL
LSL is a leading provider of residential property services to
its key customer groups. Services to consumers include: residential
sales, lettings, surveying, and advice on mortgages and
non-investment insurance products. Services to mortgage lenders
include: valuations and panel management services, asset management
and property management services. For further information, please
visit LSL's website: www.lslps.co.uk
Additional biographical information - Ian Crabb
1977-1980: University of Oxford
1980-1983: Arthur Andersen, Chartered Accountant (ICAEW)
1983-1985: Harvard Business School (MBA)
1985-1991: Bain & Co
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOASELFIFFDSEEA
Lsl Property Services (LSE:LSL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Lsl Property Services (LSE:LSL)
Historical Stock Chart
From Jul 2023 to Jul 2024