Land Securities Group PLC Appointment of new Non-Executive Director (1497P)
November 15 2016 - 1:30AM
UK Regulatory
TIDMLAND
RNS Number : 1497P
Land Securities Group PLC
15 November 2016
Date 15 November 2016
LAND SECURITIES GROUP PLC
Appointment of new Non-Executive Director
Land Securities Group PLC ("Land Securities" or "Company") today
announces the appointment of Nicholas Cadbury as a new independent
Non-Executive Director. Nicholas will join the Board and become an
Audit Committee member with effect from 1 January 2017. He will
also succeed Kevin O'Byrne as Chairman of the Audit Committee on a
date to be confirmed in 2017.
Nicholas is presently Group Finance Director of Whitbread PLC, a
position he has held since November 2012. Before that, he held the
position of Chief Financial Officer of Premier Farnell PLC, which
he joined in 2011, and prior to that he worked at Dixons Retail PLC
in a variety of management roles, including as Chief Financial
Officer from 2008 to 2011. Nicholas originally qualified as an
accountant with Price Waterhouse.
Dame Alison Carnwath, Chairman of Land Securities, said:
"I am delighted to welcome Nicholas to the Board of Land
Securities. His experience and background as a retailer and working
in consumer facing businesses will complement the existing skill
set of the other Board directors. His extensive financial
experience also makes him an ideal successor to Kevin O'Byrne as
Chairman of the Audit Committee. I am sure that Nicolas will make a
significant contribution to the Board and I look forward to working
with him."
Following the above change, the Board of Land Securities will
comprise two Executive Directors, seven independent Non-Executive
Directors and the Chairman. The composition of the Board, and that
of its Audit, Remuneration and Nomination Committees, remains
compliant with the UK Corporate Governance Code.
Save as above, Nicholas Cadbury has advised the Company that he
currently holds no other public company directorships and that
there are no matters requiring disclosure for him in relation to
paragraphs 9.6.13 (2) to (6) of the Listing Rules.
- ENDS -
For further information, contact Land Securities:
Edward Thacker
Head of Investor Relations
T: +44 (0)20 7024 5185
Edward.thacker@landsecurities.com
Notes to Editors:
Land Securities Group PLC is the UK's largest listed commercial
real estate company. Our GBP14.4 billion portfolio totals 23.6
million sq ft and includes some of London's most desirable office
buildings and the UK's most successful shopping and leisure
destinations.
In London, we own and manage a portfolio totalling more than
GBP8.2 billion. Our relentless customer focus delivers vibrant
working environments, both in our developments and through
thoughtful asset management, which resonate strongly with
businesses looking to attract and retain top talent. In the City,
our 1.7 million sq ft of real estate includes the award-winning New
Ludgate scheme, and the landmark 20 Fenchurch Street. In the West
End, our expertise in placemaking and public realm has seen the
transformation of Victoria, SW1 into a vibrant destination that is
attracting global businesses and visitors alike.
In Retail, our commitment to creating an outstanding consumer
experience, combined with the strength and resilience of our 17.5
million sq ft of assets, means we provide the space where consumers
want to shop and retailers want to be, both now and in the future.
Our focus on collaborating with our retailers and anticipating
consumer needs not only delivers an unrivalled experience for our
customers, but our footfall and sales figures consistently
outperform the industry benchmarks.
Whether in offices or retail, sustainability is key to
everything we do. For us, being a sustainable business means
ensuring Land Securities remains healthy and successful for years
to come. To achieve this we need the support of our customers,
communities, partners and employees. That's why we lead the way on
sustainability in the UK listed real estate sector by focusing on
three key areas: creating jobs and opportunities through our
award-winning Community Employment Strategy, which has put over 800
disadvantaged people into employment since 2011; efficient use of
natural resources; and sustainable design and innovation.
Land Securities delivers value for our shareholders, great space
for our customers and positive change for our communities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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