LSL Property Services poaches Serco Finance Director David Tilak
LSL Property Services PLC on Tuesday said it has hired Serco Group PLC’s David Tilak as its new chief financial officer, effective from January 12.
Newcastle-upon-Tyne, England-based LSL provides services to mortgage intermediaries and franchised estate agencies, while Hook, Hampshire-based Serco is a FTSE 250-listed government services outsourcing firm.
Tilak has been group finance director at Serco for a little over a year. He served on the board of Spain’s Logista Groupo SA until 2024, and has held senior finance roles at Imperial Brands PLC and General Electric Co.
LSL noted his cross-sector experience, with Chair Adrian Collins commenting: ‘David’s appointment comes after a rigorous and extensive search process, and will help bring a sharp focus to the financial aspects of the group reinvigoration which we have underway.’
Chief Executive Adam Castleton added that David Wolffe, who has been serving as interim CFO, will remain with LSL during the transition period.
Serco is yet to release a statement on any potential management changes.
LSL shares edged up 0.8% to 248.00 pence around noon on Tuesday in London, while Serco fell 0.3% to 247.80p per share.
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