Directorate Change

RNS Number : 0579Y

SEGRO PLC

16 December 2010

 



16 December 2010

Directorate Change at SEGRO

SEGRO, Europe's leading provider of flexible business space, announces that David Sleath will be appointed Chief Executive in succession to Ian Coull, who will retire from the Board following the AGM on 28 April 2011.

David Sleath (49) is currently Group Finance Director, a position he has held since 1 January 2006.

Nigel Rich, Chairman, said

"Following an extensive search process which included both internal and external candidates, the Board has decided to appoint David Sleath as Chief Executive in succession to Ian Coull. On behalf of the Board I wish David every success in his new role."

David Sleath commenting on his new appointment, said

"I am delighted to be appointed Chief Executive. SEGRO has been on a transformational journey over the last 8 years under Ian Coull's leadership and I am looking forward to building on this to deliver value to shareholders in the years ahead."

Prior to joining SEGRO, David was Finance Director of Wagon plc, the international automotive engineering group from 1999 to 2005. From 1982 to 1999, he worked for Arthur Andersen, latterly as a partner and Head of Audit & Assurance for the Midlands. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a Non-Executive Director of Bunzl plc.

A search for a new Finance Director will commence immediately.

For further information please contact:

SEGRO	[phone]	Alex Shorland-Ball
Maitland	[phone]	Liz Morley

About SEGRO

SEGRO is Europe's leading provider of flexible business space. The Group is a Real Estate Investment Trust (REIT), listed on the London Stock Exchange.  SEGRO's portfolio comprises £5.3 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorways intersections.  The Group serves over 1,900 customers spread across many geographic and different industry sectors.  It has 5.9 million sq m of built space and a passing rent roll of £334 million as at 30 June 2010.  For more information: www.SEGRO.com

 

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