David Lench, one of the UK’s most senior and well-known estate agents, is to step down on June 30th from his role as Group Managing Director of the nation’s largest independent estate agency, Arun Estates.
63-year-old Lench (main pic) has been an estate agent for nearly 40 years and became a director of Arun Estates in 2007.
He is to be succeeded by right hand man Aldo Sotgiu (left), who is currently the Group’s Managing Director of Operations.
Making the surprise announcement to managers and staff, Lench said: “As you can imagine, this has not been a decision that has been easy to make, but two years ago I decided the time was approaching when I would pass the reigns over to Aldo.
“I have worked with him for much of my career and am totally confident that there will be a smooth transition, with the continued success of the company assured.
“I wish Aldo every success and would ask you all to support him in the way that you have helped me over the years.”
Lench’s exit from the estate agency coincides with the 30th anniversary of its foundation in May 1991, and before leaving he will oversee the completion of its rebrand and the start of a three-year refurbishment programme across its 100-plus branch network.
This includes Wards in Kent, Cubitt & West across Surrey, Sussex and Hampshire, Douglas Allen in Essex and East London, and Pittis on the Isle of Wight.
The company is to invest heavily in new communication and IT systems and offers staff improvements to holiday and other conditions of employment.
Also, all staff will receive a special Arun 30th birthday bonus, linked to length of service, from the estate agency firm’s chairman Paul Rooney.