Foxtons Group PLC Board Update (3702E)
07 Julio 2021 - 1:00AM
UK Regulatory
TIDMFOXT
RNS Number : 3702E
Foxtons Group PLC
07 July 2021
FOXTONS GROUP PLC (the "Group" or "Foxtons")
Board Update
7 July 2021
Foxtons Group plc (LSE: FOXT), London's leading estate agency,
today announces that as he approaches his ninth and final year on
the Board, Chairman Ian Barlow, has informed the Company of his
intention to retire from the Board once a successor has been
appointed and in any case no later than 31 December 2021.
The Nomination Committee will carry out the process to identify
and recommend the appointment of Ian's successor. It will be led by
the Senior Independent Director, Alan Giles, assisted by search
firm, Korn Ferry.
Ian Barlow, Chairman, commented:
"It has been a privilege to have served on the Board and more
recently as Chairman for the past eight years. Foxtons is an
excellent company with a strong brand, great people, leading
industry technology and deep branch coverage across London. A
series of challenges to the London property market since the Brexit
referendum, compounded more recently by the pandemic, have impaired
our recent trading performance. However, the business has huge
potential and I am confident that the refreshed growth strategy,
agreed by the Board last year and set out in the Capital Markets
Day presentation in June, will result in a substantial rebound in
performance. There are already signs of this with adjusted
operating profit for the first half of the year expected to be
significantly ahead of both 2020 and 2019. Our strategy will take
time to deliver and with only one further year to serve under UK
governance rules I consider this is the right time to hand over to
a successor to oversee its execution."
There are no further disclosures required for the purposes of
Listing Rule 9.6.11.
For further information, please contact:
Foxtons Group plc
Nic Budden, Chief Executive +44 20 7893 6261 investor@foxtonsgroup.co.uk
Officer
Muhammad Patel, Investor Relations
=============================================
Sanctuary Counsel
=============================================
+44 7557 413 275 / +44 7918
Robert Morgan / Rachel Miller 606 667
=============================================
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOARFMRTMTTMBRB
(END) Dow Jones Newswires
July 07, 2021 02:00 ET (06:00 GMT)
Foxtons (LSE:FOXT)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Foxtons (LSE:FOXT)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024