DTZ’s embattled chairman Tim Melville-Ross is leaving the business along with five non-executive directors.
DTZ Holdings was sold yesterday to Australian services firm UGL for £77.5m in a pre-pack administration. It ceased trading on the London Stock Exchange this morning and no longer needs a board of directors.
Melville-Ross is leaving along with three representatives of DTZ’s former majority shareholder, the Mathy family’s Saint George Participations: Pascal Derrey, Frank Piédelièvre and Francois Tardan.
Also on the plc board were former Chesterton chief executive Lorraine Baldry and former chief financial officer of Aegis Group Alicja Lesniak.
Melville-Ross, who has been chairman of DTZ since September 2000, had come under mounting pressure to resign in recent months over his handling of the sale of the business.
The executive directors, including the head of the UK business, John Forrester, remain in the company.
julia.cahill@estatesgazette.com
