Simon Palley joins Board as N

RNS Number : 6527P

Land Securities Group Plc

21 July 2010

 



21 July 2010

Land Securities Group PLC ("Land Securities")

SIMON PALLEY JOINS BOARD AS NON-EXECUTIVE DIRECTOR

Land Securities has today announced that Simon Palley (52) will join the Board as a non-executive director on I August 2010.

Simon has had a successful and broad ranging career in investment banking, consulting and private equity, rising to be Managing Partner at BC Partners, one of the leading private equity firms in Europe.

A MBA graduate of Wharton School, Pennsylvania he currently holds non-executive roles in two private businesses, Haymarket Financial (a specialist UK Corporate lending institution) and Regency Entertainment (a Greek casino operator).  He is also a Trustee of the University of Pennsylvania.

He started his career at Chase Manhattan before moving to Bain & Company.  He left there in 1988 to join the Bankers Trust where he was a Vice President and then in 1990 joined BC Partners, a private equity firm where he stayed for 17 years rising to Managing Partner.

Commenting on the appointment, Land Securities Chairman, Alison Carnwath said:

"Simon has an outstanding track record in business across a broad range of industry sectors.  He has a commercial mindset honed after 20 years of investing in businesses and playing an active role in making those investments successful.

"He will add further strength to the experienced and strong team of non-executive directors we already have.  We look forward to Simon playing an active role in helping the Board oversee what will be an exciting time for the business as we press ahead with our development pipeline and seek further value enhancing acquisitions."

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Additional Information - There are no items requiring disclosure under paragraph 9.6.13 of the UKLA's Listing Rules

For further information, please contact:

Donal McCabe / Mel Winsor                                       John Sunnucks / David Allchurch      

Land Securities Group                                                Tulchan Communications

Tel: [phone]                                                     Tel: [phone]

www.landsecurities.com

 

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