EYE NEWSFLASH: Former Hamptons chair set to take helm at Foxtons

Foxtons, the London based estate agency chain, is reported to be lining up Nigel Rich, an experienced boardroom figure, to succeed Ian Barlow as its non-executive chairman.

Sky News says that the Foxtons’ board has selected the former Hamptons chair, with an announcement about the change at the top expected in the coming days.

The appointment of Rich, who has also chaired Segro, the warehouse operator, is likely to be well-received by investors.

The company’s performance has improved in recent months, but it has nevertheless endured a difficult few years.

Foxtons’ largest shareholder, Hosking Partners, run by Jeremy Hosking, the investment tycoon, which owns an 11.2% stake in the estate agency, recently called for a ‘radical’ shake-up at the company, starting with wholesale board changes.

Hoskins, who was said to be unhappy at Foxtons’ dwindling share price and executive pay, reportedly wrote to Ian Barlow, Foxtons’ chairman, outlining his discontent in June. Barlow announced his resignation a month later.

Foxtons recently delivered its best first half year results since 2016, although that was fuelled in part by homebuyers rushing to beat the end of the Treasury’s stamp duty holiday.

 

Foxtons’ Chairman to stand down by end of the year

Homesearch EOS
x

Email the story to a friend



2 Comments

  1. Flatnose1927

    Oh, how the mighty hath fallen….

    Report
  2. Malcolm Egerton

    Is that the same guy who consigned the Greene & Co brand, one of the most respected in N London, to the dustbin of history?

    Report
X

You must be logged in to report this comment!

Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.