The agent working as both managing director and chairman of the Halls regional chain covering mid-Wales, the West Midlands and neighbouring counties is to step down.
Peter Willcock is to retire in September after a total of 38 years working for the company, with the last 26 years serving as chairman and MD. The company has 10 branches and operates as estate agents, chartered surveyors, auctioneers and valuers.
It was founded in 1845 in Shrewsbury under the name of Hall, Wateridge and Owen, and around 30 years ago was sold to General Accident. In 1991 Willcock led a team of directors in a buy out of the firm, and the new Halls brand was formed.
Willcock’s successor as managing director will be David Giles while the new chairman will be Allen Gittins. Both appointments begin on October 1.
Willcock has told the Shropshire Live website: “I genuinely believe that businesses need reinvigorating from time to time and younger people should be given an opportunity to acquire shares. When I started with the company, there were only five shareholders but today we have 14 and the areas of responsibility for running the business have become much greater because of the legislative requirements and the fact that we have expanded from our core business."