Land Securities Group Plc
31 March 2004
31 March 2004
LAND SECURITIES GROUP PLC ('Land Securities' / 'Group')
APPOINTMENT OF GROUP CHIEF EXECUTIVE
Land Securities is pleased to announce that Francis Salway, currently Chief
Operating Officer, will become Group Chief Executive at the AGM on 14 July 2004,
succeeding Ian Henderson. Francis joined Land Securities in 2000 and the Board
in 2001. Ian will be stepping down from the Board on 14 July 2004 but will
remain with Land Securities until the end of 2004 during which time he will lead
the Group's representations on government and public sector initiatives.
Commenting Peter Birch, Chairman, said 'I am delighted that Francis has agreed
to accept this appointment which recognises the role he has played with Ian in
developing the Group's strategy. For his part, Ian has made a tremendous
contribution to Land Securities which will leave the Group strongly positioned
for the future. In addition, through his work with the British Property
Federation, the industry is poised to benefit from a better understanding by
Government of the contribution property makes to the wider economy.'
Ian Henderson added 'Francis has made a considerable contribution to the Group
since he joined and I am confident that he will lead the Group on to continued
success and innovation. It has been the most enormous privilege to guide the
Group though a period of great transformation, working with a highly talented
management team. I would like to thank all my colleagues, without whom we could
never have achieved the results of which we are so proud.'
-Ends-
For further information, please contact:
Land Securities
Peter Birch/Emma Denne
Tel: +44(0) 20 7413 9000
Financial Dynamics
Stephanie Highett/Steve Jacobs
Tel: +44(0) 20 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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