LSL Property Services has announced the appointment of David Stewart as its new group chief executive officer.

Stewart has been a non-executive director of the Board of LSL since May 2015, having served as chief executive of Coventry Building Society between July 2006 and March 2014, and having previously performed the roles of finance director and operations director. Prior to that, he has held a number of Board positions in financial services businesses.
 
Current group CEO, Ian Crabb, will leave the business at the end of April 2020, but will assist the handover of the role to Stewart for a number of months, LSL added.

Commenting, Stewart said: “I’m delighted to have been asked to lead LSL. We have a significant opportunity to grow our financial services business and to capitalise on leading positions in estate agency and surveying.

“I look forward to working with an outstanding management team to realise the Group’s potential and deal effectively with the impact of the Covid-19 virus.”

Non-executive chair of LSL, Simon Embley, added: “I am delighted that David Stewart has agreed to take on the role of group CEO. Since joining the Board in 2015, he has made a very significant contribution to our strategy as well as to our governance framework as Chair of the Audit & Risk Committee.
 
“David is an experienced chief executive, with a track record of success both in growing businesses and in managing during periods of uncertainty. His detailed knowledge of financial services will be invaluable as we seek to continue to build our capability in this sector, whilst maximising the potential of our estate agency and surveying operations. Having worked closely with him, I am confident he is the right person to take the group forward.”

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