Paul Idzik, chief executive of DTZ, tells the Financial Times he now regards the rescue of the property services company as complete.
The business has undergone a tumultuous few months that has seen the former Barclays man push through a £48m rescue rights issue and root-and-branch reorganisation.
He says there is the possibility of lower base salaries but greater performance incentives. Marginal business lines and offices will be closed. He says DTZ needs to get focused on improving margins, reduce its cost-to-revenue ratio have a strategy for where it wants to compete in the “right markets, geographies and businesses”.
The interview is included in a two-page property feature that most focuses on Continental and Eastern Europe.
25/02/09 Financial Times 22, 23
