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Countrywide board director to step down

Reposit NS

A non-executive director is stepping down from Countrywide.

Richard Adam – who has an extraordinary 153 director appointments listed at Companies House, although not all are active – was appointed to Countrywide in June 2014.

His resignation is effective from the company’s next annual general meeting, likely to be held next April.

Countrywide said a search for his replacement has begun, with Adam agreeing to remain as chairman of the Audit and Risk Committee and member of the Remuneration and Nomination Committees until then.

Non-executive chairman Peter Long said: “The board of Countrywide wishes to thank Richard Adam for his significant and continuing contribution to the board and its committees since joining Countrywide. The whole board wishes Richard well for the future.”

Earlier this week, it was announced that Investec has taken a stake in Countrywide for the first time.

Shares in Countrywide were up 2% yesterday, finishing at 115p.

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Source:: Countrywide board director to step down