Property group Savills has announced a succession plan, with Jeremy Helsby retiring as chief executive at the end of this year and Mark Ridley, chief executive of Savills UK and Europe, taking the helm.
Mr Helsby has been at Savills for 39 years, and has been group chief executive for 11 years.
Mr Ridley joined Savills in 1996 and brings more than 30 years property experience in the UK, European and Asian markets.
He was chief executive of Savills UK commercial business from May 2008 and has been chief executive of Savills UK since January 2013 and additionally of Savills Europe since September 2014.
He has also been a member of Savills Group executive board since its establishment in February 2008.
Mr Ridley said: "I look forward to working with Jeremy and the rest of the board over the year ahead as Savills continues to build on its global platform, delivering our clients with the very best service and ensuring we remain the international real estate adviser of choice in key global markets."
