Industry News

Foxtons CEO departs ‘for personal reasons’

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Foxtons CEO Van Davis has left the discount real estate company for personal reasons, according to an announcement today. Davis, 46, stepped down from Foxtons on Aug. 1, Foxtons announced. He had joined the company in July 2004 after a four-year stint as CEO and president of Century 21. "The company, a subsidiary of Foxtons UK, London's leading property services company, will be led by its executive management team, which will report directly to the UK parent," the announcement states. Foxtons offers real estate services in Connecticut, New Jersey and New York. The announcement credits Davis with converting Foxtons to a full-service platform. Foxtons officials provided no other details Monday about Davis' departure. The U.S.-based Foxtons discount real estate company was launched by real estate innovator Glenn Cohen in March 2000 as YourHomeDirect. London-based Foxtons injected $20 million into the company as an investment in 2003, and the company's name changed to YHD Foxtons. ...