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LONDON - Savills (LON:SVS) PLC, the global real estate services provider, announced a leadership transition with Group Chief Executive Mark Ridley set to retire at the close of 2025. Simon Shaw, the current Group Chief Financial Officer, will take over as Group Chief Executive starting January 1, 2026.
Ridley, who has been with Savills for 29 years, including seven as Group Chief Executive, will remain available in a senior advisory role after his retirement. During his tenure, Ridley led the company through various challenges, including Brexit, the pandemic, and recent economic and geopolitical headwinds, achieving significant growth and a more robust geographic and service line balance for Savills.
Shaw, who joined Savills in March 2009, has been instrumental in managing the company’s financial matters, significant mergers and acquisitions, technology, and investor relations. He is also a member of the Group and Regional Executive Boards and chairs Grosvenor Hill Ventures, Savills’ private equity investment arm focused on proptech opportunities.
Stacey Cartwright, Chair of Savills plc, praised Ridley’s leadership and expressed confidence in Shaw’s ability to steer the company in the next development phase. The Board, having considered both internal and external candidates with the help of an external adviser, decided on Shaw’s appointment.
The company will now begin the process of selecting a new Group Chief Financial Officer to fill Shaw’s current role.
This leadership announcement is based on a press release statement from Savills PLC and is intended to inform the market of the upcoming changes within the company’s executive team.
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