The Property Franchise Group has announced its next CEO.
Gareth Samples will succeed Ian Wilson, who last July announced his intention to retire at the end of this year.
As EYE revealed this week, Samples has joined TPFG to work on key projects including one called ‘golden fleece’ which will assess the direction of the group’s hybrid agency, EweMove.
Yesterday, TPFG confirmed that Samples will take the top job, joining the board as CEO in the second half of this year.
Samples has 30 years’ experience in the industry, including a 21-year career at LSL Property Services.
He is the former managing director of Your Move, which was the country’s largest single brand estate agency at the time.
In that role, he was responsible for Your Move’s franchising operation, as well as having overall control of financial services and lettings.
After leaving YourMove, he became managing director of digital marketing specialists Briefyourmarket. Since 2014, he has been chairman of Legalforlandlords.
Yesterday, TPFG said it will be making a further announcement regarding Samples’ appointment “in due course”.
Richard Martin, who founded Martin & Co which became the cornerstone of today’s TPFG and of which he is now chairman, said: “Gareth’s excellent credentials in agency are well known and his vision and experience will prove invaluable.”
Outgoing CEO Ian Wilson said: “After 16 years with the business, identifying my successor was a significant decision.
“We have benefited from a tight and stable board since the IPO in December 2013, with no change in chairman, CEO or CFO, and this board has proven to be an engine for growth.
“We are delighted that Gareth is joining the team as CEO designate, as he brings a wealth of industry experience and shares our vision of franchising as a powerful force in our industry.
“Gareth will be working alongside me and the rest of our team over the coming months in preparation for his formal appointment later this year. Gareth will be introduced to investors at our final results roadshow in April.”
Samples said that he is determined to “build further upon the incredible work carried out by Ian and the team.”
TPFG’s shares have been riding at a high, although yesterday they closed down some 2% at 228p.