In February 2016 an announcement was made that after nearly 20 years with The Howard de Walden Estate, Toby Shannon would be retiring as Chief Executive in September 2016. Today they have announced who will succeed Toby Shannon.
Toby joined the Estate Company in January 1997 as Finance Director, becoming Chief Executive in April 2006. Peter Barton, Chairman of Howard de Walden Estates Limited, said: “Toby has made an outstanding contribution to the Company and the Estate during his long service with us, overseeing a period of remarkable growth and steering the ongoing development of the Estate within the Marylebone community. We are delighted that, following his retirement as Chief Executive, Toby has agreed to remain on the Board as a Non-Executive Director.”
Toby Shannon said: “I have thoroughly enjoyed my time with the Howard de Walden Estate over the last 20 years or so. During that time our loyal and committed team has worked hard to make Marylebone one of the most attractive areas of London in which to work, live and shop. I would very much like to take this opportunity to thank the Howard de Walden family, board, trustees and all the staff for their unwavering support and I look forward to remaining involved with the Estate in my new role as a Non-Executive Director in due course.”
The Estate has announced that Andrew Hynard, currently Deputy Chairman of JLL UK, has been appointed to take over from Toby as Chief Executive with effect from 3 October 2016. Peter Barton said: “I am delighted that following a search through a strong field of external and internal candidates we have been able to secure the services of Andrew Hynard to succeed Toby as Chief Executive. He will bring a very broad experience of the property sector with an outstanding reputation for leadership, business expertise and integrity. I am confident he will be a very effective leader of our executive team and a valuable member of our board of directors."
Andrew Hynard said: “I have known and admired The Howard de Walden Estate for many years. It is one of the outstanding urban estates in the world, and has successfully created a truly mixed use and vibrant district of Central London. I am really looking forward to succeeding Toby in October.”