Savills PLC
18 October 2007
Savills plc
('Savills' or the 'Company')
Appointment of New Group Chief Executive on Retirement of Aubrey Adams
The Board of Savills announces the retirement of Aubrey Adams and the
appointment of a new Group Chief Executive.
Aubrey Adams, Group Chief Executive, indicated earlier this year, that after 17
years, he was considering retiring from the Board of Savills in 2008. The Board
of Savills subsequently undertook a detailed succession planning exercise
involving an external advisor and is pleased to announce that with effect from
the Annual General Meeting on 7 May 2008, Jeremy Helsby will be Group CEO and
Aubrey Adams will retire from the Board.
Jeremy Helsby is a member of the Savills Board and has been Chairman of the UK
and European Commercial businesses for seven years, having joined Savills in
1980.
Peter Smith, Chairman of Savills plc, comments:
'Under Aubrey's leadership Savills has become a leading global property services
business with revenues growing from £24m in 1992 to over £500m in 2006. A loss
of some £2.3m in 1992 has been transformed into a profit of £80m last year and
the company is now a constituent of the FTSE 250. I would like to thank Aubrey
on behalf of all our staff and shareholders for the significant role that he has
played in expanding our business.'
Aubrey Adams, Group Chief Executive, comments:
'I have hugely enjoyed the last 17 years with Savills but feel that now is the
time to hand over to Jeremy, who will continue to lead the outstanding growth
and success of the business in the future. I look forward to working closely
with Jeremy over the next few months to ensure a smooth handover.'
For more information, please call:
Savills plc (020 7409 9923)
Peter Smith
Aubrey Adams
Citigate Dewe Rogerson (020 7638 9571)
Sarah Gestetner
George Cazenove
Notes to Editors
Jeremy Helsby
Jeremy Helsby joined Savills in 1980 and was appointed to the Board in 1999. He
became Chairman of Savills Commercial Limited in 2001 and is also Chairman of
Savills Europe and a Director of Savills Asia Pacific Limited.
This information is provided by RNS
The company news service from the London Stock Exchange
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