Changes to Top Management Team

RNS Number : 6319L

Capital & Regional plc

14 August 2013

 



 14 August 2013

Capital & Regional plc

Changes to Top Management Team

Capital & Regional plc ("Capital & Regional" or the "Company") announces that Mark Bourgeois has been appointed as an Executive Director and will join the Board with immediate effect.

Mark Bourgeois is currently Managing Director, Shopping Centres. He joined the Company from Donaldsons in 1998, since which time he has made a significant contribution to the development of Capital & Regional's property and asset management capabilities.

Xavier Pullen, one of the founders of the Company, will step down from the Board and the Company with effect from 31 December 2013.  Xavier will, however, continue to maintain close links with the Company.  It is the intention that he will subsequently take up the role of senior adviser and will support the execution of the strategy for Germany.

No further details remain to be disclosed, as required under LR 9.6.13R of the listing rules of the UK Listing Authority. 

John Clare, Chairman, commented:

"On behalf of the Board I would like to thank Xavier for the very significant contribution he has made to the development and success of the Company over more than three decades.  I am pleased that we will continue to benefit from his expertise in the future as a senior adviser to the Company."

Hugh Scott-Barrett, Chief Executive, commented:

"Mark has already made an outstanding contribution to Capital & Regional and I am delighted to recognise this by welcoming him to the Board.  His deep property and asset management expertise will be a valuable addition to the Board's discussions on both strategic and operational matters."

- ENDS -

For further information:

Capital & Regional:
Hugh Scott-Barrett, Chief Executive	Tel: [phone]
Charles Staveley, Group Finance Director	Tel: [phone]
FTI Consulting:
Stephanie Highett Richard Sunderland Will Henderson Aleka Bhutiani	Tel: [phone]

Notes to editors:

About Capital & Regional plc

Capital & Regional is a specialist property company with a track record of developing asset management opportunities in town centre shopping centres and out of town retail parks.

Capital & Regional founded The Mall in conjunction with Aviva Investors. Capital & Regional acts as Property and Asset Manager for the Mall and holds 20.3% of this fund.

Capital & Regional & Ares Management each hold a 50% interest in a German retail property portfolio which is managed by Garigal Asset Management GmbH, in which Capital & Regional holds a 30% interest.

Capital & Regional has a number of other joint ventures and wholly-owned properties.

For further information, please see www.capreg.com.

 

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