Development Secs.PLC DSC Appointment of New Finance Director

  Development Secs.PLC (DSC) - Appointment of New Finance Director

RNS Number : 1407P
Development Securities PLC
22 October 2012

22^nd October 2012

Development Securities PLC appoints Finance Director

Development Securities PLC,  the leading property  development and  investment 
company, announces today the appointment  of Marcus Shepherd as Group  Finance 
Director. He will join the business following handover of his current post and
will succeed Graham Prothero, who, as previously announced in June 2012,  will 
join Galliford Try plc as  Group Finance Director at a  date to be advised.  A 
further announcement will be made in due course advising the date when  Marcus 
Shepherd will join the Board.

Marcus Shepherd joins Development Securities PLC from Aviva Investors where he
has been Finance Director (Global Real Estate) since January 2009. Previously,
he was Chief Financial Officer (Europe) for Valad Property Group  (2007-2009), 
having joined via the acquisition of  Teesland PLC where he was Group  Finance 
Director. Marcus is  a member  of the  Institute of  Chartered Accountants  in 
England and Wales and holds a BSc in Mathematics from Imperial College.

Michael Marx, Chief Executive, Development Securities PLC commented:

"I am delighted that Marcus is  joining us as Group Finance Director.  Marcus 
brings considerable  financial  experience  in  the  property  and  investment 
management industries as well  as relevant experience  within the quoted  real 
estate sector."

For further information, please contact:
Michael Marx, Chief Executive Officer

Lucy Grimble, Communications Manager

Development Securities PLC

+44 (0)20 7828 4777

                     This information is provided by RNS
           The company news service from the London Stock Exchange


BOAZKLFFLBFXFBF -0- Oct/22/2012 06:00 GMT
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