The founder and chairman of Belvoir Lettings, Mike Goddard, is to retire from the board today (16 May 2019), with the listed company naming his successor.
The Grantham-based company which has bases across the country, confirmed that Mr Goddard is to step down after 24 years and will be replaced by Michael Stoop, who has been on the board as a non-executive director since March 2018.
Mr Goddard founded the company with his wife Stephanie in 1995, after retiring as an RAF Wing Commander.
Two years later, they took over the old Courthouse on London Road, which remains the HQ.
The news comes Belvoir issued a trading update for the first quarter of its financial year in which it hailed its outperformance in residential lettings, property sales and financial services. The board added that it is confident of meeting market expectations for the year to 31 December 2019.
Chief executive Dorian Gonsalves said: “The board is very encouraged by trading in Q1 with our franchise model proving that, even in a challenging year for the property market, it has the resilience to overcome and indeed benefit from changes in the sector.
“Belvoir was founded by Mike in 1995 with his wife Stephanie, and I have had the pleasure of working alongside Mike since 2005.
“Through his entrepreneurial spirit and his passion for franchising, Belvoir has become the largest property franchise group in the UK.
“I would like to express my personal and the Board’s sincere gratitude for all that Mike has done and achieved as founder, CEO and chairman over the past 24 years.
“We welcome as chairman, Michael Stoop, who has over 40 years’ experience of the property franchise sector and has already made a significant contribution since joining the board in March 2018.”