– UK, London – Foxtons Group plc (LON: FOXT), London’s leading estate agency, today announced the appointment of Nigel Rich CBE to its Board of Directors as Chairman with effect from 1 October 2021, succeeding Ian Barlow who will step down as Chairman and from the Board on 1 October 2021.
Ian Barlow, Chairman said: “Nigel is an excellent appointment and I am delighted we have secured someone with his capability and experience. It has, over the past eight years, been a great privilege to serve on the Board of Foxtons, a prominent London business with a great future. Nigel has much to offer the Board and the broader group and I wish him every success.”
Alan Giles, Senior Independent Director, said: “The Nomination Committee conducted a thorough and extensive search which decisively concluded that Nigel Rich was the outstanding candidate. He has extensive board room experience as a Chairman, with listed companies and in the estate agency sector. This will be invaluable as we seek to build on recent business momentum and deliver significant shareholder value in the coming years. On behalf of the Board, I would like to thank Ian for his dedicated service and unstinting commitment to the business.”
About Nigel Rich
Nigel Rich CBE has the extensive UK and international, listed company and Board experience in a career spanning more than five decades. Nigel qualified as a Chartered Accountant before joining Jardine Matheson where he spent 20 years working in a variety of roles primarily across Asia, including being Managing Director of Hong Kong Land, a leading Hong Kong property company, and thereafter Managing Director of Jardine Matheson Holdings.
Nigel has previously served as the Chairman of Hamptons International, the estate agency group (1997-2005), Exel plc (1997-2005), CP Ships Limited (2001-2005), Xchanging plc (2006-2011), and SEGRO plc (2006-2016). He has also held numerous non-executive director positions at companies including Granada Group plc, ITV plc, and Harvey Nichols Group plc. Nigel has also served as a Member of The Takeover Panel (UK) and has been a member of the Finance and General Committee of the R&A.
Nigel is currently Non-Executive Chairman of Urban Logistics Reit plc and Senior Independent Non-Executive Director of AVI Global Trust.
Nigel Rich said: “I am delighted to take on the Chairmanship of Foxtons, a leading and well-known London estate agency. As the UK, including London, recovers from the economic effects of the pandemic Foxtons is well placed to take advantage of the resurgent activity in the residential market. I look forward to working with the management team to accelerate Foxtons’ recovery and returns to shareholders.”
For more information: https://www.foxtons.co.uk
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