Appointment of Chairman

RNS Number : 9662H

Land Securities Group Plc

12 November 2008

 



12 November 2008            

Final for immediate release

LAND SECURITIES GROUP PLC ('LAND SECURITIES / THE COMPANY')

ALISON CARNWATH APPOINTED CHAIRMAN

Land Securities announces that Alison Carnwath, (55), currently Chairman of M F Global and a Non-executive Director of Land Securities since September 2004, will become the new Chairman with immediate effect.

This follows the resignation of Paul Myners on 3 October after his appointment as a Government Minister. 

Commenting on her appointment Alison Carnwath said: 'It is a privilege to have been asked to take over this role. In the relatively short time Paul Myners was Chairman, Land Securities enhanced its reputation as industry leader, remained focused on how best to deliver long-term and sustainable returns for shareholders while maintaining its reputation as being the company that people want to do business with. 

'Land Securities has a talented management team who are working hard to address the effects on our business of these unprecedented challenges in the market. I look forward to leading the Board through these turbulent times and shaping the business for the future.'

The search for the replacement was led by Senior Independent Director, David Rough, who commented: 'It was with sadness that the Board accepted Paul Myners' resignation for his new role as a Government Minister and I would like to take this opportunity to thank him for all he has done since joining us in September 2006.

'Given the strength of our Board, we were well positioned to make an internal appointment. Alison has a tremendous reputation and has demonstrated a thorough understanding of the business and the sector since her time on the Board. We all look forward to working with her.' 

- Ends -

Contact details:

Donal McCabe / Alison Flynn		John Sunnucks / David Allchurch
Land Securities Group		Tulchan Communications
Tel: [phone]		Tel: [phone]

Notes to editors

Alison Carnwath

• Alison Carnwath (55) is currently Chairman of M F Global, a financial services business listed on the New York Stock Exchange. She is also a Non-executive Director of Man Group plc and PACCAR Inc and has previously served on several listed Boards as a Non-executive Director: Friends Provident plc, Gallaher plc, Welsh Water and Vitec Group as Chairman for five years (2000 - 2005). She is also Chairman of ISIS Equity Partners, a private equity partnership managing third party funds.  

• She is a chartered accountant and a corporate financier, and when as a Director of Schroders in London she advised Land Securities. She subsequently became Managing Director of Donaldson Lufkin and Jenrette in New York.

• Alison lives with her partner and they divide their time between London and Devon.

Land Securities

• Land Securities is the UK's leading Real Estate Investment Trust with a national portfolio of commercial property worth around £12 billion. Our investment portfolio also has more than 50 retail parks and shopping centres including Bristol's Cabot Circus, Birmingham's Bullring centre and Exeter's quadruple award-winning Princesshay site.
  
  
• Land Securities' multi billion pound development programme is transforming regional city centres including Cardiff and Leeds, key Central London sites and delivering long-term, large-scale regeneration projects in the South East.
  
  
• Half of the Land Securities' portfolio is in London, where it owns landmark buildings such as the Piccadilly Lights and Westminster City Hall, and is developing some of the capital's most innovative mixed-use schemes, such as One New Change in Mid-town and Park House on Oxford Street.
  
  
• Land Securities is the principal name in property outsourcing and partnerships through Land Securities Trillium, which is one of the most established and innovative names in property outsourcing. We focus on understanding our customers' business and property requirements and meeting them through excellent service and innovation. We manage and provide services to numerous commercial properties nationwide, for a growing number of companies and government departments. 

 

END

 

 

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