Savills Regulatory News (SVS)

SAVILLS APPOINTS NEW CEO OF SAVILLS NORTH AMERICA

LONDON, 13 November 2023 - Savills North America has appointed David Lipson as its new Chief Executive Officer effective 1 January 2024. David replaces Mitch Rudin who has been CEO since July 2020 and becomes Chairman of Savills North America on David's appointment

David has been with Savills North America (and its predecessor firm Studley Inc.) since 1987, and until his appointment as President of Savills North America in January 2021 headed its successful Washington office.

In his new role, David will be responsible for leading the next stage of Savills North America's growth. David will continue to represent North America as a member of the Savills plc Group Executive Board. Mitch Rudin will retire from this Board effective 31 December 2023.

Mark Ridley, Chief Executive Officer at Savills plc, commented:

"I am delighted that David will become the new CEO of Savills North America effective 1 January 2024. His experience will be instrumental in leading a strong management team to deliver our growth aspirations for the business over the coming years.

I would also like to thank Mitch Rudin for his significant contribution to Savills North America since July 2020, and in particular his leadership of the business during the Covid pandemic. I am very pleased that we will continue to be able to draw on Mitch's experience in his new role as Chair of Savills North America.

I very much look forward to continuing to work with both David and Mitch in their new roles."

David Lipson, CEO Savills North America commented:

"Savills has been much more than a work place for me and since joining as a summer intern in 1987, it has truly been an honour in helping develop the business and I look forward to guiding it into the future. I am also confident of its continued success thanks to the exceptional professionals within our platform, who will be instrumental in shaping the future of real estate advisory, despite the market challenges."

ENDS

For further information contact:

Savills plc

Mark Ridley/Simon Shaw Tel: +44 (0)20 7409 8934

Teneo Communications

Elizabeth Snow

Tel: +44 (0)20 7353 4200