Changes to take effect from 18 January to streamline group's management

Property group Savills Plc is to restructure its board of directors in a bid to streamline the group’s management.

The changes, which will take effect from 18 January, focus on the group’s plc board which oversees strategy, monitoring performance and ensuring effective governance and risk management.

Following the restructuring, the board will comprise Peter Smith as non-executive chairman, Jeremy Helsby and Simon Shaw as executive directors as well as four independent non-executive directors.

Peter Smith, chairman, said: “As we continue to grow, we must ensure we have the right structure to retain our entrepreneurial culture and at the same time manage effectively a large, broadly spread organisation.

"These structural changes will give improved focus to the activities of both the main board and the group executive board”.