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Foxtons taps Guy Gittins for CEO

Mon 30 May 2022 07:52

(Sharecast News) - Real estate agent Foxtons Group revealed on Monday that Guy Gittins will soon join the company as its next chief executive officer. Foxtons said Gittins, who started his early career with the company, will rejoin the group from London and international residential property specialist Chestertons on 5 September, replacing outgoing CEO Nic Budden.

The London-listed firm stated Gittins has "significant sector and leadership experience", with the Chestertons' CEO helping the group grow underlying earrings "exponentially", win market share, increase sales in each year since 2018, and significantly grow its lettings business.

Foxtons also noted that non-executive director Peter Rollings will act as interim CEO, with immediate effect.

On another note, Foxtons added that it had made "a good start" to the financial year, with current trading remaining in line with internal expectations.

Reporting by Iain Gilbert at Sharecast.com

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