The board of DTZ has noted recent press comment with regard to its senior management team.


DTZ confirms that last year, Mark Struckett, the company's chief executive, held informal discussions with board colleagues outlining his intention to step down from his role in 2009. He indicated his flexibility on dates to ensure a smooth handover.


As a result of these discussions, the chairman of DTZ, Tim Melville-Ross instigated a formal process to identify his successor and has retained a recruitment consultancy. An effective date has not been decided upon. Shareholders will be updated as appropriate.


In addition, DTZ has been undergoing a thorough and wide-reaching review of its senior management team and as a result has also made two senior management appointments:

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Peter Mawson, is being appointed EMEA operations director. Peter was previously CEO of Donaldsons, acquired by DTZ in July 2007. He replaces Keith Stockdale, who becomes chairman of DTZ Middle East and Africa region. Keith will also take on a projects-specific role within the group.

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John Forrester is taking on the role of deputy chairman of the UK business, to provide increased focus and emphasis on clients. John is a member of the UK Executive Board and chairman of the London Markets team.


Commenting, Tim Melville-Ross, DTZ's chairman, said: "We are extremely grateful to Mark for giving us such long notice of his intention to step down from his role as chief executive, as this has given us ample time to find a worthy replacement and put an orderly transition period into place.


"DTZ has grown considerably under Mark's stewardship and we look forward to benefiting from his experience and wisdom over the coming months whilst we conclude the search for his replacement."


Mark Struckett, DTZ;s chief executive, added: "DTZ has expanded rapidly in geographic reach and depth of service, and our global team comprises of over 12,500 people in 150 cities operating in 45 countries. While I have decided it is time for me to move on, I look forward to ensuring a smooth handover to my successor. I also congratulate Peter, Keith and John on their appointments."


For more information, contact Anthony Hatter, DTZ's group communications director on +44 (0)20 7643 6125, or email: anthony.hatter@dtz.com

source : DTZ