Property management firm CLS Holdings Plc. (CLI.L) Monday said Richard Tice would step down as Chief Executive Officer on February 14.
Tice joined the company in March 2010 and is leaving at his own request to spend more time with his family and pursue new challenges. He has agreed to continue to serve as a non-executive director of CLS. Henry Klotz, Executive Vice Chairman, who has been with the Group since 1999 and was Chief Executive Officer from 2008 to 2010, will assume the role of Acting Chief Executive Officer. John Whiteley, Chief Financial Officer, will take the responsibility for investor relations.
CLS's executive management committee will comprise Sten Mortstedt, Henry Klotz and John Whiteley, along with non-board member Simon Wigzell, who has been promoted to Head of Group Property. In addition, Dan Howson has been promoted to Head of UK Property. Further, the firm said it continues to trade in line with the Board's expectations. At the financial year end, cash and other liquid assets were over 200 million pounds and the company expects to announce its results for the year ended December 31, 2013 on March 4.
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