Breaking: Your Move parent company LSL reveals CEO stepped down yesterday

first_imgHome » News » COVID-19 news » Breaking: Your Move parent company LSL reveals CEO stepped down yesterday previous nextCOVID-19 newsBreaking: Your Move parent company LSL reveals CEO stepped down yesterdayIan Crabb is to leave the role with immediate effect and is being replaced by a non-exec director on the company’s board, David Stewart.Nigel Lewis1st May 202003,684 Views LSL Group Chief Executive Ian Crabb has stepped down from the company in the middle of the Coronavirus pandemic and has made way for a former building society chief.Crabb (left) has been replaced by David Stewart (above), who joined the board of LSL as a non-exec director five years ago and is well regarded for steering the Coventry Building Society through the 2007/8 financial crisis.Until now he has headed up LSL’s Audit and Risk Committee.The sudden announcement is not business as usual for a large PLC of LSL’s size; most have succession planning timetables in place when Group CEOs like Crabb exit the business.In its statement to the City LSL says the company has performed well under Crabb’s leadership and claims to have outperformed its principal competitors.“David is an experienced Chief Executive, with a track record of success both in growing businesses and in managing during periods of uncertainty,” says Simon Embley, Non Executive Chair of LSL.“His detailed knowledge of financial services will be invaluable as we seek to continue to build our capability in this sector, whilst maximising the potential of our estate agency and surveying operations.“Having worked closely with him, I am confident he is the right person to take the Group forward.“I also want to place on record the Board’s thanks and my personal appreciation for the part Ian Crabb has played in the Group’s development since he joined us in 2013, Ian has always acted with the highest standards of integrity and professionalism, and I wish him every future success.”coronavirus ian crabb LSL May 1, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img

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