British Land Co PLC (BLND) - Directorate Change RNS Number : 5083R British Land Co PLC 20 November 2012 British Land Announces Board Changes British Land announces that Chris Gibson-Smith will be stepping down from the Board on 31^st December 2012 on conclusion of his second three-year term as Chairman and will be succeeded, with effect from 1^st January 2013, by John Gildersleeve. John joined British Land as a Non-Executive Director in 2008 and is currently Senior Independent Director. Chris Gibson-Smith joined the British Land board in January 2003 as a Non-Executive Director and became Chairman in January 2007. He has made a considerable contribution to the company over the past ten years during a significant period for the property industry. Chris Gibson-Smith said: "I have had a fascinating ten year journey with British Land, and the last six years as Chairman have been deeply rewarding. The Company is in an excellent position with a first rate team, portfolio and strategy. We are delighted that he has agreed to deepen his connection with the company. His broad range of experience makes him an ideal Chairman for British Land." John Gildersleeve said: "I am delighted to take on the role of Chairman at British Land. The Company is in good shape and I look forward to working with the team to ensure it continues its strong performance." Chris Grigg, Chief Executive, British Land said, "On behalf of British Land I'd like to thank Chris for his contribution to the company over the past ten years and for the important part he has played during that time. I wish him success in his new role. I also look forward to working with John in his new capacity as Chairman from the start of the New Year." Ends Notes to Editors The current British Land Board is as follows: Dr. Chris Gibson-Smith, Chairman and Chairman of the London Stock Exchange Group Chris Grigg, Chief Executive Lucinda Bell, Finance Director Charles Maudsley, Head of Retail Tim Roberts, Head of Offices Stephen Smith, Chief Investment Officer (standing down from the Board on 31st March 2013 and leaving British Land on 30th June 2013 as announced on October 19th 2012) John Gildersleeve, (Senior Independent Director) Deputy Chairman of Carphone Warehouse Group PLC and a Non-Executive director of TalkTalk Telecom Group PLC and formerly Commercial and Trading Director of Tesco PLC Aubrey Adams, formerly Chief Executive of Savills PLC Simon Borrows, Chief Executive of 3i Group and Non-Executive Director of Inchcape plc Dido Harding, Chief Executive of TalkTalk Telecom Group PLC William Jackson, Managing Partner of Bridgepoint Richard Pym, Chairman of UK Asset Resolution Limited and formerly Chief Executive of Alliance & Leicester Lord Turnbull, formerly Secretary of the Cabinet and Head of the Home Civil Service The recruitment of John Gildersleeve was conducted by the Company's Nomination Committee with assistance from the executive search consultants, Russell Reynolds. Enquiries: Investor Relations Sally Jones, British Land 020 7467 2942 Media Pip Wood, British Land 020 7467 2838 Gordon Simpson, Finsbury Group/020 7251 3801 Guy Lamming, Finsbury Group About British Land British Land is one of Europe's largest Real Estate Investment Trusts (REITs) with total assets, owned or managed, of £16.3 billion (British Land share £10.4 billion), as valued at 30 September 2012. Through our property and finance expertise we attract experienced partners to create properties and environments which are home to over 1,000 different organisations and visited by over 300 million people each year. Our property portfolio is focused on prime retail locations and Central London offices which attract high quality occupiers committed to long leases. Our occupancy rate of 97.3% and average lease length to first break of 11.1 years are among the highest of the major UK REITs. Retail assets account for 60% of our portfolio with around 28million sq ft of retail space across 82retail parks, 92superstores, 13shopping centres and 9department stores. The retail portfolio is modern, flexible and adaptable to a wide range of formats and our active asset management delivers space which is attractive and meets the needs of both retailers and consumers. 80% of our retail parks have open A1 consent. London offices, located in the City and West End, comprise 35% of the portfolio (which will rise to an estimated 40% on completion of current developments). Our 7 million sq ft of high quality offices includes Broadgate, the premier City office campus (50% share) and Regent's Place in the West End. Over the last 2 years, we have committed £1.2billion to create Central London's largest committed office development programme which will deliver 2.3millionsqft of high quality space by 2014, including a 700,000sqft building at 5Broadgate, the 610,000sqft Leadenhall Building in London's insurance district and a 500,000sqft mixed office and residential scheme at Regent's Place in the West End. Managing our environmental, economic and social impacts is central to the way we do business and deliver value for our shareholders. We assess the issues that matter most to us and our stakeholders on an on-going basis and, where appropriate, adjust our strategic focus to reflect this. We focus on managing our buildings efficiently, supporting communities, developing sustainable buildings and engaging our staff. For each of these priorities we are targeting our efforts and resources at initiatives where we can achieve the biggest impacts. Further details can be found on the British Land website at www.britishland.com This information is provided by RNS The company news service from the London Stock Exchange END BOAMMMMMGLZGZZZ -0- Nov/20/2012 07:01 GMT
British Land Co PLC BLND Directorate Change
Press spacebar to pause and continue. Press esc to stop.