Director Changes

RNS Number : 6581V

LSL Property Services

30 October 2014

 



For immediate release

30th October 2014

LSL Property Services plc 

("LSL" or "the Group")

Director Changes

LSL, a leading UK provider of residential property services, announces that David Newnes, Executive Director, Estate Agency, has made the decision to retire from LSL after 35 years service on 31^st December 2014 to pursue personal interests outside of the property services sector. The PLC Board of LSL thanks David for his exceptional contribution to the business, particularly during the past five years as a member of the PLC Board.

The PLC Board is pleased to announce the appointment of Adrian Gill as Executive Director, Estate Agency with effect from 1^st January 2015, subject to the approval of the Financial Conduct Authority.  Adrian has been a Non Executive Director of LSL since 2012 and has excellent knowledge of the business.  Adrian will cease to serve as a Non Executive Director and member of the Nominations, Audit and Remuneration Committees from 24^th November 2014, when he will commence as an Executive Director, providing a transition period before assuming responsibility for his new role on the 1^st January 2015. Adrian is experienced in all aspects of residential property services having served on the board of Connells for 10 years before joining LSL.  Adrian held positions as both Group Finance Director and Commercial Director at Connells.

Helen Buck, a Non Executive Director, will join the Nominations and Remuneration Committees with effect from 24^th November 2014. LSL will now commence a search for an additional Non Executive Director to join the Board.

David Newnes said, "I am very pleased and proud to have been part of LSL through the MBO and IPO, leading the estate agency team that has driven substantial growth in the business. I remain a shareholder in LSL and look forward to the Group's continued success. I am delighted to be handing the role over to Adrian Gill who has a wealth of experience in estate agency."

Ian Crabb, Group Chief Executive, said: "David Newnes has been a key member of the management team over many years and has made a substantial contribution to the business. We wish him well for the future.  I am delighted that Adrian is joining the executive team and I am confident that he will make a valuable contribution to our future development and growth plans."

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.

For further information please visit: www.lslps.co.uk

 

END

 

 

BOADBBDGRSDBGSC