High end agency Savills has this morning revealed that Jeremy Helsby will retire as chief executive of the group at the end of this year, and will be replaced by the firm’s current UK chief executive Mark Ridley from January 1 2019.
Ridley will become group deputy chief executive on May 1 this year.
Ridley joined Savills in 1996, was chief executive of Savills UK commercial business from May 2008 and has been chief executive of Savills UK since January 2013.
He has also been a member of Savills Group Executive Board since its establishment in February 2008.
Nicholas Ferguson, Savills chairman, told shareholders in a statement this morning: "Under Jeremy Helsby's leadership Savills has been transformed into a leading global real estate advisor, tripling revenue and offering the full range of transactional, asset management and consultancy services to clients in the world's prime real estate markets. Jeremy has successfully both internationalised and diversified the business during his decade as Chief Executive.”
After his retirement, Helsby will act in an advisory role supporting the company’s management team operating in the United States.