Yopa founder Daniel Attia and LSL’s Ian Crabb step down from agency’s board

first_imgTwo key directors of hybrid estate agency Yopa have stepped down from its board including founder Daniel Attia and LSL’s CEO Ian Crabb (pictured, above).Attia has resigned his position as chairman to make way for former Countrywide boss Grenville Turner, who took up the reins of as chairman yesterday.In a statement from the company released to The Negotiator, its spokesperson said Attia will “remain an active, engaged and supportive shareholder in the company”, suggesting he no longer has a day-to-day or executive role.Attia founded Yopa with three others in 2015 including James and Andrew Barclay and David Jacobs. But only the Barclay brothers remain on the board along with CEO Ben Poynter and Manuel De Carvalho, CEO of dmg ventures, one of the agency’s key backers.Board exitAttia has been slowly exiting from the business after being replaced as CEO by Poynter in April 2018, but Yopa has not revealed why Crabb has exited the board.Industry sources have suggested that both their departures may have been the price to pay for Yopa’s most recent cash call, announced yesterday.As The Negotiator reported, the company raised an additional £16 million from dmg ventures and Savills investment arm Grosvenor Hill Ventures, taking the total invested in the business to over £90 million.It has also been suggested that Crabb’s departure may signal LSL’s exit from the company in which it has had a significant financial interest.ian crabb Daniel Attia YOPA August 22, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Yopa founder Daniel Attia and LSL’s Ian Crabb step down from agency’s board previous nextAgencies & PeopleYopa founder Daniel Attia and LSL’s Ian Crabb step down from agency’s boardAttia will remain a ‘supportive’ shareholder as he makes way for Grenville Turner, but it remains unclear why Crabb has exited Yopa’s board.Nigel Lewis22nd August 201902,648 Viewslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *