(Alliance News) - Property management firm HML Holdings PLC said Friday Chief Executive Officer Robert Plumb will retire at the end of 2019, with Chief Operating Officer Alec Guthrie taking over the reins.
Plumb will retire at the end of 2019 after having served as CEO since 2005. His replacement, Guthrie, has served as operating chief since 2017.
"The board is pleased to confirm Alec's appointment while expressing our appreciation for Rob's contribution to the group over the last 14 years," Chair Richard Smith said.
"The board are also pleased to have in place this succession plan that we know will ensure an orderly hand over of responsibility ahead of Rob's retirement," Smith added. "Rob and Alec have been working together for over five years and we have every confidence that Alec's appointment will facilitate the ongoing successful growth of our business."
Shares in HML were untraded at 30.30 pence in London on Friday.
By Ahren Lester; ahrenlester@alliancenews.com
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