1 May
2024
LSL
Property Services plc ("LSL" or "the Company")
Appointment of Adrian Collins
as Chairman
LSL Property Services plc
announces the appointment of Adrian Collins as Non-Executive Chair
to the Board with immediate effect. Adrian will also Chair the
Nominations Committee and join the Remuneration
Committee.
Adrian is a highly experienced Board
Chair and Executive Director of listed companies with a deep
understanding of the public markets, who has co-founded and led a
number of highly successful financial services
businesses.
Adrian's executive career was spent
in fund management including 25 years at Gartmore, contributing to
building one of the UK's leading Institutional & Retail Fund
management businesses. In 1995, he was one of the founders of
Trustnet. Adrian has also held senior roles at Jupiter, Bestinvest
and Lazard Investors.
Between 2009 and 2019 Adrian served
first as Executive and then Non-Executive Chair of Liontrust Asset
Management, where during his tenure the company was transformed
growing assets under management tenfold. In the last 5 years,
Adrian has held a number of Board positions, and is currently Board
Chair of Logistics Development Group plc (formerly Eddie Stobart Logistics plc) and a Non-Executive Director of Hargreaves Lansdowne
plc. Adrian was also the chair of
Bahamas Petroleum Company plc (2011 to 2021).
In relation to Adrian's
appointments, the Board has determined that he is independent
(according to the provisions of the UK Corporate
Governance Code (2018 version)).
Adrian will stand for election at
LSL's AGM which will take place at 10am on 20 June 2024 at a
location in London to be confirmed. Further details of the
AGM will be announced in due course.
Darrell Evans, who is currently the
interim Chair of the Board and Nominations Committee, will step
down from these roles and resume his role on the Board as an
independent Non-Executive Director with responsibilities for
Workforce Engagement and Chair of the Remuneration Committee.
He will also rejoin the Audit & Risk Committee.
Since 5 March 2024, Gaby Appleton
has held the roles of Workforce Engagement Non-Executive Director
and Chair of the Remuneration Committee, with these roles reverting
back to Darrell, Gaby will continue as an independent Non-Executive
Director and as a member of the Audit & Risk, Remunerations and
Nominations Committee.
David Stewart, Group CEO,
commented:
"I'm delighted that Adrian is
joining the Board as Non-Executive Chair. Adrian is hugely
experienced, with a track record of growing businesses and creating
value. The Board has had some fantastic conversations with Adrian,
and we are excited to work with him."
Adrian Collins, Chair,
commented:
"I'm very pleased to take on the
role of Chair of LSL. I have been struck by the enthusiasm and
commitment of the whole Board, and I look forward to helping them
drive the business forward to create value for our
shareholders."
No further information is
required to be disclosed pursuant to paragraph 9.6.13 of the
Listing Rules of the Financial Conduct Authority.
For further information,
please contact:
Notes on LSL
LSL is one of the largest providers
of services to mortgage intermediaries and estate agent
franchisees.
Its c.2,900 advisers represent
around 11% of the total purchase and remortgage market. PRIMIS was
named Best Network, 300+ appointed representatives at the 2022
Mortgage Strategy Awards.
Its 61 estate agency franchisees
operate in 308 territories.
LSL is also one of
the UK's largest providers of surveying and valuation
services, supplying seven out of the eight largest lenders in
the UK. e.surv was named Best Surveying Firm at the 2022
Mortgage Finance Gazette Awards.
For further information please visit
LSL's website: lslps.co.uk