Workspace Group names Lawrence Hutchings as new CEO

LONDON - Workspace Group PLC, a prominent provider of flexible workspaces in London, has announced Lawrence Hutchings as its new Chief Executive Officer, effective from November 18, 2024. The appointment follows a previous announcement on May 8, 2024, and is part of a planned leadership transition. Hutchings will also join the company's Board of Directors.

The outgoing CEO, Graham Clemett, will remain available to Workspace until the end of his notice period on January 31, 2025, to ensure a seamless handover of responsibilities. Clemett will step down from the Board following the conclusion of his notice period.

Workspace has detailed Hutchings' remuneration package in its 2024 Annual Report & Accounts. Similarly, Clemett's salary, pension, and benefits will continue as per his contractual terms until his notice period concludes. Further information regarding Clemett's remuneration connected to his retirement will be disclosed in line with section 430(2B) of the Companies Act 2006.

This leadership change comes as Workspace continues to position itself as a leader in sustainable and flexible office solutions in the capital city. The company has not disclosed any additional strategic shifts or future plans in relation to Hutchings' appointment.

The information in this article is based on a press release statement from Workspace Group PLC.

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Source: Investing.com