LSL Property Services Board Changes (1797Z)
December 09 2014 - 2:01AM
UK Regulatory
TIDMLSL
RNS Number : 1797Z
LSL Property Services
09 December 2014
For Immediate Release
9 December 2014
LSL Property Services plc ("LSL")
Board Changes
LSL, a leading UK provider of residential property services
incorporating estate agency and surveying businesses, today
announces the following Board changes, which will all take effect
from 1(st) January 2015.
Simon Embley has been appointed Non Executive Chairman. Simon
was Group Chief Executive Officer from 2000 until he was appointed
Deputy Chairman in September 2013 at the same time as Ian Crabb was
appointed as Group Chief Executive Officer.
Roger Matthews, who has been the Non Executive Chairman since
LSL's IPO in 2006, will retire from the LSL Board on 31(st)
December 2014.
Bill Shannon, who has been a Non Executive Director on the LSL
Board since January 2014, is appointed Non Executive Deputy
Chairman and will assume the role of Senior Independent Director
from Mark Morris, who will continue on the LSL Board and as
Chairman of the Audit Committee. Bill will also assume the role of
Chairman of the Nominations Committee and continue in his role as
Chair of the Remuneration Committee.
Commenting on the changes, Roger Matthews said:
"These changes reflect the Board's continued desire to implement
an orderly succession. I have no doubt Simon will make a valuable
contribution as Chairman. He has extensive knowledge of the
residential property market and has a strong track record of
delivering shareholder value."
Simon Embley said:
"I am delighted to take on the role of Non Executive Chairman
and I look forward to continuing to work with the Board to further
grow and develop LSL. I also want to thank Roger, on behalf of the
Board, for his significant contribution to the growth and success
of LSL since our IPO."
There is no further information to be disclosed in accordance
with Listing Rule 9.6.13.
For further information please contact:
Ian Crabb, Group Chief Executive Officer
Steve Cooke, Group Finance Director
LSL Property Services plc 0207 382 0360
Richard Darby
Sophie McNulty
Buchanan 0207 466 5000
Notes to editors:
LSL Property Services plc is a leading provider of residential
property services to two key customer groups. Services to consumers
include estate agency, lettings, surveying, conveyancing 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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