Board Change

RNS Number : 1388G

Hammerson PLC

19 July 2019

 

Hammerson plc (the "Company")

Board Change 

19 July 2019

Appointment of Non-Executive Director

The Company announces the appointment of Adam Metz as a Non-Executive Director with effect from 22 July 2019. Adam will also become a member of the Investment and Disposal Committee and the Nomination Committee.

Adam has built a very successful career in the US over 30 years and will bring to Hammerson wide-ranging experience in retail and commercial real estate spanning the US, Europe and Asia, having acted as both an executive and non-executive director.

Adam served as CEO of General Growth Properties and President of Urban Shopping Centres, Inc., two US REITs focused on the retail sector. He also has extensive investment experience working as an Operating Partner for Blackstone Group as well as having held senior positions with both TPG Capital and most recently the Carlyle Group. At the Carlyle Group he was a Managing Director and Head of International Real Estate and also served on Carlyle's Management Committee until 2018.

Adam has considerable board experience, previously serving on the Boards of Forest City Realty, Parkway Properties, AMLI Realty in the US and the Board of Aliansce, a public company focused on shopping malls in Brazil.

David Tyler, Chair of the Board, said:

"I am delighted to welcome Adam who has a strong track record in the sector having held senior roles throughout market cycles. His comprehensive experience in real estate investment and strategy in the US, Europe and Asia, through listed companies and private equity will make a valuable contribution to our Board."

Pursuant to Listing Rule 9.6.13, Adam Metz was appointed as CEO of General Growth Properties in October 2008, having served as an independent director since 2005. The company filed for US bankruptcy court protection in April 2009 and exited bankruptcy in November 2010. There are no further matters in connection with this appointment to be disclosed under Listing Rule 9.6.13.

Sarah Booth

General Counsel and Company Secretary

[phone]

The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.

 

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