Foxtons has begun the hunt for a new Non-Executive director after confirming that Rosie Shapland (main picture, inset), its Senior Independent Director and Chair of the Audit Committee, will step down following publication of its 2026 interim results.
The London-focused agency group said an “orderly handover” is planned, with a recruitment process already under way to appoint her successor.
The move triggers a key boardroom hire at a pivotal time for Foxtons which in recent years has sought to reposition itself as a more resilient, lettings-led business following pandemic disruption and subsequent market volatility.
The Audit Chair role carries particular weight given the group’s exposure to cyclical sales markets, regulatory scrutiny and investor expectations around governance and cost control.
IMPROVED PROFITABILITY
Foxtons, listed on the London Stock Exchange, has been rebuilding earnings through a greater emphasis on recurring lettings revenue and disciplined cost management. Its most recent results showed improved profitability driven by rental growth and acquisitions aimed at strengthening market share across London.
Replacing the Audit Committee chair will be closely watched by shareholders, particularly as listed property businesses face heightened governance expectations, evolving compliance demands and pressure to demonstrate robust financial oversight.
Shapland has served on the board for six years.
SIGNIFICANT CONTRIBUTION
Foxtons said in a statement: “The Board has commenced the recruitment process for a new Non-Executive Director and will make a further announcement as soon as practicable.
“An orderly handover is planned as part of the Non-Executive Director onboarding process. The Board would like to thank Rosie for her commitment and significant contribution to the Company over the last six years.”
The appointment will add to ongoing senior-level movement across the agency sector, where recruitment at board and executive level has accelerated amid consolidation, regulatory reform and shifting market conditions.
Property Soup revealed last month how Foxtons had made its first move outside the London commuter belt with the acquisition of Birmingham-based lettings agent FleetMilne.
