Directorate Change

RNS Number : 4490X

Capital & Regional plc

20 November 2014

 



20 November 2014

Capital & Regional plc (the "Company")

Appointment of Ian Krieger as Non-Executive Director

Capital & Regional plc is pleased to announce the appointment of Ian Krieger as a Non-Executive Director with effect from 1 December 2014. The appointment is in line with the previous commitment made by the Company to add a further Independent Non-Executive Director to the Board.

Ian brings a wealth of experience gained during a 40 year career, first with Arthur Andersen and, from 2002, with Deloitte. He was a senior partner and vice-chairman at Deloitte until his retirement in 2012 and previous management responsibilities included heading the Corporate Finance Practice, the London Corporate Audit Division and the Private Equity Practice. Ian has significant boardroom experience and has worked with a wide variety of companies throughout his career, including many in the Real Estate and Retail sectors. He will join both the Audit and Remuneration Committees with effect from his appointment.

Ian is a Non-Executive director and the Audit Committee Chairman at Safestore Holdings plc and the Senior Independent Director and Audit Committee Chairman at Premier Foods plc.  Ian is also a Trustee and Chairman of the Finance Committee at Nuffield Trust and a Trustee and Chairman of the Audit Committee of Anthony Nolan.

Commenting on Ian's appointment, John Clare, Chairman of Capital & Regional, said:

"I am delighted that Ian will be joining the Board. His significant business, financial and accounting experience will be invaluable to the Company and the Board and I very much look forward to working with him."

No further information is required to be disclosed pursuant to LR 9.6.13 R.

ENDS

For further information:

Capital & Regional:                                                         Tel:  [phone]
Hugh Scott-Barrett, Chief Executive
Charles Staveley, Group Finance Director

Notes to editors:

 

About Capital & Regional plc

Capital & Regional is a specialist property company with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a £1.2 billion portfolio, primarily in town centre shopping centres.

Capital & Regional is the principal investor and Property and Asset Manager for the Mall Fund.

Capital & Regional & Ares Management (formerly known as AREA Property Partners) each hold a 50% interest in a German retail property portfolio.

Capital & Regional has a 20% joint venture interest in the Kingfisher Centre in Redditch.  For further information see www.capreg.com 

 

END

 

 

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