REG - Savills PLC - Savills Announces Succession Plan

SavillsAnnouncement

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RNS Number : 5009G  Savills PLC  29 April 2025

 

Stock Exchange Announcement

29 April 2025

 

SAVILLS PLC

("Savills" or the "Group")

Savills Announces Succession Plan

 

The Board of Savills today announces that Mark Ridley will retire as Group
Chief Executive at the end of 2025 after a 29 year career at Savills, seven of
them as Group Chief Executive, and 41 years in the industry. Mark will be
succeeded by Simon Shaw, currently Group Chief Financial Officer of Savills,
effective 1 January 2026.

 

Simon joined Savills in March 2009 as Group Chief Financial Officer working
alongside the Group Chief Executive, with responsibility for all financial
matters, significant M&A, Technology and Investor Relations.  He is a
member of the Group and Regional Executive Boards (Asia Pacific/EMEA/UK/North
America) and further is responsible to the Board for Savills Investment
Management. Simon is also Chair of Grosvenor Hill Ventures, Savills
proprietary private equity investment business, which is focused on investing
in "Proptech" opportunities.

The selection of  a new Group Chief Financial Officer will now commence.

 

Stacey Cartwright, Chair of Savills plc, comments:

 

"Under Mark's leadership, Savills has achieved significant growth and stronger
balance, both geographically and by service line.  He has successfully
steered the business through BREXIT and its aftermath and the pandemic years,
and more recently global macroeconomic and geopolitical headwinds, navigating
these very significant challenges whilst growing the business at the same
time.

 

"We are all delighted that, following his retirement at the end of 2025, Mark
will remain available in a senior advisory role supporting the business.

 

"Having used an external adviser to consider internal and external candidates,
the Board has decided to appoint Simon Shaw, current Group Chief Financial
Officer, as Group Chief Executive effective 1 January 2026, following Mark's
retirement from the Board on 31 December 2025. Simon is a highly experienced
and respected senior Savills Executive who will lead the Group's strong
management team through the next phase of the development of the Savills
business worldwide. The Board and I very much look forward to working with him
as Group Chief Executive."

 

 

 

For more information, please call:

 

Elizabeth Snow, Teneo Elizabeth.Snow@teneo.com
(mailto:Elizabeth.Snow@teneo.com) Tel: +44 (0) 791 254 0246

Victoria Buchanan, Savills vbuchanan@savills.com
(mailto:vbuchanan@savills.com) Tel: +44 7870 999653

 

 

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