Rollings will be a member of the Audit Committee, the Remuneration Committee and the Nomination Committee from the date of his appointment.
Rollings was a former managing director of Foxtons, from 1997 to 2005, before becoming CEO of Marsh & Parsons in 2005 – he remained in the position until 2016.
Rollings said: “I am delighted to be re-joining Foxtons, a business which gave me my first opportunity in estate agency and where I worked in the formative years of my career. It is an exciting time in the industry and Foxtons, with its powerful brand and strong service culture, is well placed for success. I look forward to playing a role in its growth and development.”
Nigel Rich, chairman of Foxtons, commented: “Peter’s career began at Foxtons in December 1985 and during his 20-year tenure he made a significant contribution to both the growth and dynamics of the business. He then enjoyed a successful career at Marsh & Parsons where he presided over significant expansion and value creation as CEO.
“He knows both Foxtons and the industry extremely well, making him an important and valuable addition to the Board as we look to accelerate growth. My colleagues and I are delighted that Peter is re-joining Foxtons and look forward to working with him.”