SEGRO CFO Soumen Das to Retire, Successor Search Underway

 

SEGRO plc (LSE:SGRO) has announced that Soumen Das, its Chief Financial Officer and Executive Director, will retire at the end of 2025. Das will remain with the company until the end of the year to ensure a seamless transition. Over his tenure, Das has played a significant role in SEGRO’s growth, contributing to its rise as the largest Real Estate Investment Trust (REIT) in Europe and one of the UK’s largest listed companies. His departure represents a key shift in the company’s leadership, and a successor is yet to be named. This change could have implications for SEGRO’s operations and strategic direction, given Das’s integral role in its success.

SEGRO’s Financial Outlook: SEGRO’s outlook reflects a solid financial foundation, supported by strong balance sheet health and robust cash flow generation. The company remains confident in its future, with positive corporate events underscoring its long-term growth prospects. However, technical indicators present mixed signals, suggesting that caution may be warranted in the near term.

About SEGRO: SEGRO plc is a UK-based Real Estate Investment Trust (REIT), also listed on Euronext Paris. It is a leading developer, owner, and manager of modern warehouses and industrial properties. The company’s portfolio spans 10.3 million square meters and is valued at £20.3 billion. SEGRO’s properties are strategically located across the UK and seven European countries, catering to a wide range of industries. The company is committed to low-carbon growth, community investment, and developing talent, with a strong emphasis on social and environmental responsibility.

• Year-to-Date Price Performance: 1.61%

• Average Daily Trading Volume: 3,841,547 shares

• Technical Sentiment: Buy

• Current Market Cap: £9.36B

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