LSL Property Services group chief executive Simon Embley is to stand aside after 12 years in charge with former Learndirect chairman Ian Crabb taking up the reins.
Embley will hand over the top job on 9 September and move to the role of deputy chairman at the group which includes mortgage broker firms Pink Network and First Complete.
Embley says: “Ian has a wealth of experience in growing entrepreneurial businesses in both B2B and B2C markets and is therefore the ideal candidate to enable LSL to capitalise on the market recovery.”
Crabb says: “look forward to working with Simon and the team to continue to grow and develop the business from the strong platform in place.”
LSL Property Services made an £8.4m pre-tax profit in the first half of this year, a major turnaround on the £7.9m loss in the same period last year which was driven by valuation claims provisions.