EXECUTIVE CHANGES: Foxtons names new chair; Playtech refreshes board

Fri, 17th Sep 2021 09:46

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

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Foxtons Group PLC - London-based estate agency chain - Names Nigel Rich as new chair. He replaces Ian Barlow from October 1. Barlow's departure was announced in July, after a major shareholder called for "radical" changes to the board following years of share price decline. The Times reported in June that Hosking Partners called for "radical board-level changes" and wrote to Barlow, who has been a board member since the estate agent's IPO in September 2013. He took the role of chair in March 2020. Newly-appointed Rich has served as chair of estate agency Hamptons International and of FTSE 100-listed Segro PLC. He has also served as a non-executive of ITV PLC. As chair of Foxtons, Rich will be paid GBP150,000 per year, of which a third will be in shares.

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Playtech PLC - Estonia-founded, Isle of Man-based gambling and financial trading software - Hires Linda Marston-Weston as non-executive director, starting October 1. Marston-Weston was a senior tax partner at EY. Meanwhile, Senior Independent Director John Jackson and Non-Executive Director Claire Milne will step down on September 30, following five years on the board. Ian Penrose is promoted to senior independent director.

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Aquis Exchange PLC - London-based stock exchange operator and software developer - Re-appoints Glenn Collinson to board as independent non-executive director, effective immediately, saying this is part of succession planning for the board. Collinson, which Aquis describes as a serial entrepreneur, had joined the board in March 2019 before moving to the board of subsidiary Aquis Stock Exchange Ltd a year later. He has stepped down from the subsidiary board to enable the move back to the main board.

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Cairn Homes PLC - Dublin-based housebuilder - Hires Julie Sinnamon as an independent non-executive director, starting Friday. Until retiring this year, Sinnamon was chief executive officer of Enterprise Ireland, which supports the growth of Irish companies in international markets. Additionally, Andrew Bernhardt will step down from the Cairn Homes board at the end of 2021, having served for over six years.

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By Tom Waite; thomaslwaite@alliancenews.com