Stenprop Limited Changes To The Board Of Directors (1559E)
November 04 2020 - 01:00AM
UK Regulatory
TIDMSTP
RNS Number : 1559E
Stenprop Limited
04 November 2020
STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")
CHANGES TO THE BOARD OF DIRECTORS
4 November 2020
Stenprop, the UK multi-let industrial property company, is
pleased to announce that it has further strengthened its board of
directors (the "Board") with the appointments of Richard Smith,
chief executive officer of The Unite Group plc ("Unite"), and
Louisa Bell, the former UK country manager of Avis Budget Group
International ("Avis") as independent non-executive directors, with
immediate effect.
Richard Smith was appointed CEO of Unite, a London stock
exchange listed FTSE250 business and the UK's leading provider of
purpose built student accommodation, in June 2016. Having joined
Unite as Deputy Chief Financial Officer in 2010, he was promoted to
Managing Director of Operations in 2011, with responsibility for
customers service and leading the maintenance and facilities
management across the Group's portfolio. Prior to Unite, Richard
spent 18 years in the transport industry, working in the UK,
Europe, Australia and North America. This included 13 years at
National Express Group where he held a range of senior finance,
strategy and operations roles, including Group Development Director
and Chief Financial Officer, North America.
Louisa Bell is a commercial and operational specialist with a
career spanning 25 years primarily in the travel and transportation
industry. Successful in business transformation, she has held a
number of senior commercial and operational roles for Avis Budget
Group, Cigna Healthcare, Eurostar and British Airways. She has
experience in implementing a digitised customer experience and
significantly improving customer satisfaction levels, as well as
developing new customer markets. For the last seven years until
April 2020, Louisa was with Avis Budget UK which she joined in
September 2013 as commercial director before moving to lead
operations across the UK and Scandinavia, and then being promoted
to UK Country Head in March 2018 where she was responsible for the
P&L performance of the GBP150+ million turnover business.
Commenting on the appointment, Richard Grant, Chairman of
Stenprop said: "The appointments of Richard and Louisa as
independent non-executive directors add two highly experienced
senior professionals to the Board. They bring with them a range of
complementary expertise and experience in operational management
and business transformation as well as leadership in the real
estate and transport industries. Their appointment will
significantly add to the independent element on the Board and will
be invaluable to helping Stenprop build its operational platform
and achieve its ambition of becoming the leading multi let
industrial business in the UK. On behalf of the Board I would
therefore like to welcome them to the team, and I look forward to
working with them both in the future."
For further information:
Stenprop Limited +44(0)20 3918 6600
Paul Arenson (paul.arenson@stenprop.com)
Julian Carey (julian.carey@stenprop.com)
James Beaumont (james.beaumont@stenprop.com)
Numis Securities Limited (Financial Adviser) +44(0)20 7260
1000
Hugh Jonathan
Vicki Paine
Justin Bell
FTI Consulting + 44(0)20 3 727 1000
Richard Sunderland stenprop@fticonsulting.com
Richard Gotla
Indraneel Bose
Java Capital Trustees and Sponsors Proprietary Limited +27 (0)11 722 3050
(JSE Sponsor)
About Stenprop:
Stenprop is a UK REIT listed on the LSE and the JSE. The
objective of the Company is to deliver sustainable growing income
to its investors. Stenprop's investment policy is to invest in a
diversified portfolio of UK multi-let industrial (MLI) properties
with the strategic goal of becoming the leading MLI business in the
UK. For further information, go to stenprop.com.
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END
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