Directorate Change

RNS Number : 5078V

Hammerson PLC

24 July 2018

 

Hammerson plc ("the Company")

Board Changes

24 July 2018

The Board of Hammerson plc announces that following its strategy review the composition of the Board will change by reducing the number of Executive Directors from four to two.

Peter Cole, Chief Investment Officer, has confirmed his intention to retire in April 2019.  He will be stepping down from the Board on 31 December 2018. Peter has been with Hammerson since 1989 and was appointed to the Board in 1999.  Following his retirement Peter will be retained on a consultancy basis for the remainder of 2019 and early 2020 in order to provide development-related services.

Jean-Philippe Mouton will also be stepping down from the Board as an Executive Director on 31 December 2018.  Jean-Philippe will remain in his role as Managing Director of the Company's French business and will continue to be responsible for Group marketing.

David Tyler, Chairman said:

"On behalf of the Board I would like to thank Peter for his huge contribution to Hammerson over three decades, a period during which he has always been a central figure in the execution of the strategy of the business.  In due course we will wish him a long and happy retirement.  I would also like to express the Board's thanks to Jean-Philippe for his energetic and highly influential participation around the board table over the last six years.  We very much look forward continuing to work with him over the coming years."

Sarah Booth

General Counsel and Company Secretary

[phone]

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

 

END

 

 

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