LSL Property Services has appointed a new Chief Executive, David Stewart, who joined the board of LSL in 2015 as a nonexecutive director and has chaired the audit and risk committee since April 2016. David said, “We have a significant opportunity to grow our financial services business and to capitalise on leading positions in estate agency and surveying. I look forward to working with an outstanding team to realise the potential and deal with the impact of Covid-19.”
Current CEO, Ian Crabb, is leaving and will assist the handover of the role to Stewart. Stewart leaves LSL’s board committees, to be replaced by Bill Shannon as chair of the audit and risk committee. Shannon is LSL’s Deputy Chair, Senior Independent Director and Chair, Remuneration and Nominations Committees. Shannon will cease his role as chair of the nominations committee to be replaced by Simon Embley, LSL’s nonexecutive chairman.
Embley said, David is an experienced Chief Executive, with a track record of success in growing businesses and in managing during periods of uncertainty. His detailed knowledge of financial services will be invaluable as we seek to continue to build our capability in this sector, whilst maximising the potential of our estate agency and surveying operations.
“I also want to place on record the board’s thanks and my personal appreciation for the part Ian Crabb has played in the group’s development since he joined us in 2013. Ian has always acted with the highest standards of integrity and professionalism, and I wish him every future success.”