DTZ is not expected to appoint a head of the UK business following John Forrester’s promotion to chief executive.
Forrester was appointed yesterday after Paul Idzik resigned alongside group finance director and global chief operating officer Bob Rickert.
Idzik and Rickert are understood to have tendered their resignation after protracted takeover talks with the agent’s major shareholder, Saint George Participations.
The decision not to appoint a head of the UK business will fuel expectations that a sale of DTZ is imminent. DTZ’s 55% shareholder, the French property group SGP, is understood to have completed due diligence on its proposed takeover, with Australian services giant UGL, BCG Property Management from the US and international property adviser network NAI Global also mulling bids.
With James Thomson, currently chief financial officer, becoming group finance director and also joining the board, Forrester told EGi: “We’re delighted to have the opportunity to continue to take DTZ into the next phase of its journey.”
damian.wild@estatesgazette.com
