Non-Executive Board Changes

RNS Number : 0153X

LSL Property Services

07 January 2014

 

For Immediate Release

7 January 2014

LSL Property Services plc

Non-Executive Board Changes

LSL Property Services plc ("LSL") announces the appointment of Bill Shannon as a Non-Executive Director and Chair of the Remuneration Committee and the resignation of Mark Pain as a Non-Executive Director and Chair of the Remuneration Committee, both with immediate effect.

Bill Shannon joins LSL with significant PLC board experience in strategy, operations, finance and governance in the consumer, financial services, residential and commercial property sectors. He is currently Non-Executive Chairman of St. Modwen Properties plc and Non-Executive Director of Johnson Service Group plc. He was previously at Whitbread Group plc between 1994 and 2004, as Divisional Managing Director; and has served as Non-Executive Chairman of Aegon UK plc and Non-Executive Director of Rank Group plc, Barratt Developments plc, and Matalan plc.

Roger Matthews, Chairman of LSL, commented:

"The Board has benefited from Mark Pain's experience and contribution since 2009 and we wish him all the best for the future. We are delighted that Bill Shannon has agreed to join the Board and we are confident that as a strong and seasoned non-executive director, he will make a valuable contribution to the Board at a time when significant growth is returning to the residential property market."

No other 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:

Ian Crabb, Chief Executive Officer

Steve Cooke, Group Finance Director

LSL Property Services plc                                                                          0207 382 0360 

Richard Darby, Sophie McNulty and Helen Greenwood

Buchanan                                                                                                      0207 466 5000

Notes to Editors:

LSL Property Services plc is a leading provider of residential property services to its two key customer groups. Services to consumers include: residential sales, lettings, surveying 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 our website: www.lslps.co.uk.

 

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