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Workspace boss Jamie Hopkins to leave office owner next month

Hopkins, who has been at the helm since April 2012, said his decision to step aside was “purely on personal grounds” and that he intends to keep hold of his Workspace shares

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A search for Hopkins’ successor is due to get underway shortly

Workspace Group plc (LON:WKP) boss Jamie Hopkins is to leave the London office provider next month due to “extenuating personal circumstances”.

Analysts at City broker Liberum said the news was “disappointing”.

Hopkins, who has been Workspace’s chief executive since 2012, will step down on 31 May.

READ: Berenberg downgrades Workspace

Chief financial officer Graham Clemett will then take over as interim boss until the appointment of a permanent successor, the search for whom is to start shortly.

“On behalf of the board, I would like to thank Jamie for his significant contribution as chief executive of Workspace over the last seven years,” said chairman Daniel Kitchen.

“Workspace has a strong senior management team and the board is confident that the business will be in good hands while the search for a new chief executive is underway.”

Hopkins, who will remain a shareholder, added: “After a superb seven years at Workspace, I have decided to step down. My decision to leave has been made purely on personal grounds.”

In a brief update, the FTSE 250 group, which owns and manages 65 offices around London, said it was trading in line with expectations. It will report its half-year results on 5 June.

Workspace shares dropped 0.2% to 979p in early deals on Tuesday.

Quick facts: Workspace Group plc

Price: 1131 GBX

LSE:WKP
Market: LSE
Market Cap: £2.04 billion
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