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(Sharecast News) - Real estate services firm Savills announced on Tuesday that chief executive Mark Ridley will retire at the end of 2025 after a 29-year career with the group.
Ridley will be succeeded by chief financial officer Simon Shaw, who joined Savills in 2009, on 1 January 2026.
The FTSE 250-listed firm stated that the search for a new group chief financial officer had now commenced.
Chair Stacey Cartwright said: "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."
Cartwright also noted that following Ridley's retirement, he will remain available in a senior advisory role supporting the business.
As of 0840 BST, Savills shares were down 0.63% at 939.0p.
Reporting by Iain Gilbert at Sharecast.com
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