Directorate Change

RNS Number : 4702Z

Foxtons Group PLC

20 May 2019

 

Foxtons Group plc

("Foxtons" or the "Company")

Change of Chief Financial Officer

Foxtons announces that Mark Berry, an Executive Director and Chief Financial Officer of the Company, will be leaving the business by mutual agreement on 31 July 2019 and will step down from the Board on 24 June 2019. Mark will receive a payment of three months' salary as a notice period payment and in lieu of any bonus earned for FY 2019. The share options awarded to Mark in 2017 will be pro-rated for time, subject to existing performance tests on the normal vesting date.

The Board is pleased to announce the appointment of Richard Harris as Chief Financial Officer. Richard will join Foxtons on 24 June 2019 and will become a member of the Board on the same date.

Richard was previously Group Financial Controller at Laird plc and prior to that spent over 11 years at Marks and Spencer plc, in a number of senior finance roles. 

Garry Watts, Chairman of Foxtons, said:

"On behalf of the Board and everyone at Foxtons, I would like to thank Mark for his substantial contribution over the past two and a half years, during which time the business has undergone a period of rapid change and development. We wish Mark every success in his future new challenges. We are delighted to welcome Richard to our team. His skills and experience are a great fit for the Group and will be invaluable as we continue to pursue our strategic objectives."

There are no other details or disclosures required under LR 9.6.13R of the Financial Conduct Authority's Listing Rules.

20 May 2019

For further information please contact:

Foxtons Group plc
Nic Budden, Chief Executive Officer Mark Berry, Chief Financial Officer Muhammed Patel, Investor Relations	[phone]

 

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