Savills PLC
13 March 2001
For immediate release 13 March 2001
SAVILLS ANNNOUNCES NON EXECUTIVE DIRECTOR CHANGES
Savills plc, the international property adviser, has today announced that
following the sale by First Pacific Company (FPC) of its 19.6% shareholding in
the company, the Non-Executive Directors nominated to the Board by FPC, David
Eastlake and Michael Healy, will stand down with effect from close of business
on 13 March 2001.
Aubrey Adams, Group Chief Executive of Savills plc, commented:
'I would like to thank First Pacific Company for its input to the Group over
the last four years and, in particular, for the contribution that David
Eastlake and Michael Healy have made to the Board during their time as
Non-Executive Directors. With FPC's assistance Savills acquired a particularly
strong business in the Asia Pacific region that now forms the base for further
development.
Looking to the future, we aim, together with our US affiliate, Trammell Crow
Company, to be the leading international provider of property services.'
ENDS
For further information, please contact:
Grandfield
Harry Hunt / Charles Cook 020 7417 4170
Notes to editors
Savills plc is a leading international property services company with a full
listing on the London Stock Exchange. The company has undergone dynamic growth
in recent years establishing itself as a powerful player on the international
stage with offices and associates throughout the UK, Europe, Asia Pacific and
Africa. In addition, Savills' strategic alliance with a top US full service
real estate advisory company, Trammell Crow Company, in North America, means
that clients have access to a network of 170 offices in the US and Canada.
FPDSavills is the trading name for the property service subsidiaries of
Savills plc which advise on commercial, rural, residential and leisure
properties. Other services include corporate finance advice, property and
venture capital funding and a range of property related financial services.
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