Workspace Group PLC (LSE:WKP) announced that Lawrence Hutchings has stepped down as Chief Executive Officer and board director with immediate effect. Charlie Green will assume the role of CEO from 2 February, marking a leadership change at the London-focused flexible workspace operator.
Green joins with extensive sector experience as the co-founder of The Office Group, now known as Fora, which he helped build into one of the UK’s largest flexible workspace platforms, operating more than 70 locations nationwide. During his tenure of more than 20 years, he led the business through several investment cycles, including Blackstone’s majority acquisition in 2017.
The company also confirmed that Tom Edwards-Moss will take up the role of CFO Designate on 23 February, as previously announced in December. Existing chief financial officer Dave Benson will remain in post until 30 April to support a smooth handover.
Workspace said it will publish its third-quarter trading update on 21 January and noted that performance over the quarter has been in line with management expectations.
Chair Duncan Owen thanked Hutchings for his contribution to the business and highlighted the board’s continued commitment to the “Fix, Accelerate and Scale” strategy that was developed under his leadership. Owen said Green’s background in scaling flexible workspace platforms and driving operational performance positions him well to accelerate execution of the group’s existing strategy.
Hutchings described his time leading Workspace as a privilege and said he was proud of the platform established for future growth. Green said he was “hugely excited” to take on the role, adding that he has long admired Workspace and sees significant opportunity ahead, supported by its portfolio of distinctive buildings and customer-focused proposition.
More about Workspace Group
Workspace Group PLC is London’s leading owner and operator of flexible workspace, providing offices, studios and light industrial space across a diverse portfolio of characterful properties. The group focuses on supporting small and medium-sized businesses with flexible leases and value-added services across the capital.
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