Foxtons announces date for retirement of outgoing chairman

Foxtons has formally announced to the London stock exchange that its chairman, Garry Watts, will retire as chairman on March 1.

This is before the firm’s AGM in May, suggesting that Watts’ retirement has been brought forward.

It was first announced last September, when the date for the retirement had been set as simply “before” the AGM.

Ian Barlow, as also previously announced, will become the new chairman as from March 1.

Rosie Shapland, who was appointed as a non-executive director earlier this month, will succeed Ian Barlow as chair of the audit committee.

Alan Giles, currently a non-executive director and chair of the remuneration committee, will succeed Barlow as senior independent director.

Watts had been chairman of Foxtons since 2013. He is also chair of Spire Healthcare Group UK.

Shares in Foxtons dipped almost 3% yesterday, ending at about 92p.

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One Comment

  1. SoggyBottom

    “This is before the firm’s AGM in May, suggesting that Watts’ retirement has been brought forward.

    It was first announced last September, when the date for the retirement had been set as simply “before” the AGM.”

     

    So, the previous notification was that it would be before the AGM, and now it has been confirmed as being before the AGM. How does that suggest it has been brought forward?

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