DTZ Holdings plc announces that both Paul Idzik and Robert Rickert have resigned as directors of the Company and are no longer members of the Board.
Having made substantial progress with the major cost-reduction and restructuring programme, for which he was recruited 2½ years ago, Bob Rickert has now decided to leave the Company.
Paul Idzik believes it is appropriate for a new leadership team to be put in place and has also decided to leave the Company at this time.
The Board is grateful for what Paul and Bob have done for the Company, and wishes them both well for the future.
The Board has appointed John Forrester, currently Head of UK and Ireland, as Chief Executive and has appointed John to the Board.
The Board has appointed James Thomson, currently Chief Financial Officer, as Group Finance Director and has also appointed James to the Board.
As stated in its announcements of 11 May 2011 and, subsequently, 20 June 2011, the Company has received a number of approaches for investment in its shares. Whilst there can be no certainty that these approaches will lead to a transaction, the Board continues to review these and discussions are progressing. A further announcement regarding these approaches will be made, as appropriate, in due course.