An announcement from Propertymark this afternoon says:
The Board of Propertymark has accepted the resignation of its CEO, Tim Balcon. Following four months in the role Tim has decided, and mutually agreed with the Board, that he will stand down as CEO of Propertymark today.
This follows a short period of handover to Interim Executive Chair, Nicky Heathcote.
Nicky Heathcote, Interim Executive Chair of the Propertymark Board said: “We thank Tim for his time at Propertymark and wish him well for the future. The Board look forward to driving the strategy forward and shall continue to provide the highest level of support and guidance to our members.”
Tim Balcon said: “I have no doubt Propertymark has a very bright future ahead of it. Sadly, I believe it is in the best interest of Propertymark and myself for me to step down at this point in its development. I wish to convey to all Propertymark members my gratitude and respect for the way in which they have embraced my leadership. Equally I wish the Board and in particular the exceptional staff at Propertymark my best wishes for the future.”
Balcon had previously led a number of professional bodies, most recently the IEMA - the Institute of Environmental Management & Assessment - at which he claimed to have improved its year-on-year membership growth. He spoke with Angels Media chief executive just a few weeks ago about what he planned for Propertymark - you can see that interview here.
His is the latest resignation to rock the association in recent years.
Just on Saturday it was announced that NAEA President Kirsty Finney had resigned after only six of her 12 months term of office - no explanation was given by Propertymark for her departure, and Balcon refused to comment or extend any thanks for her service.
Former NAEA chief executive Mark Hayward was scheduled to leave but then returned with a new title of Propertymark Chief Policy Advisor; his former ARLA chief executive counterpart David Cox left unexpectedly last year and now works at Rightmove; former NAEA chairman Christopher Hamer left last year, again at what appeared short notice.