Directorate Change

RNS Number : 7032A

Capital & Counties Properties Plc

04 February 2011

 



4 FEBRUARY 2011

CAPITAL & COUNTIES PROPERTIES PLC ("Capco")

RESIGNATION OF NON-EXECUTIVE DIRECTOR

Following the successful completion of a transitional period since the demerger of Capco from Liberty International PLC (now Capital Shopping Centres Group PLC) in May 2010 and reflecting his workload as Chief Executive of Capital Shopping Centres Group PLC, David Fischel has decided to step down from his position as a non-executive Director of Capco with effect from 4 February 2011. 

Thanking David for his contribution, Ian Durant, Chairman commented, "David made a great contribution to the demerger and establishment of Capital & Counties Properties PLC as a leading London property company. On behalf of the Board I would like to thank David for his counsel since the Company's listing."

Following David Fischel's departure from the Board, Capco will be compliant with provision B.1.2 of the UK Corporate Governance Code, as it will comprise the Chairman, 4 independent non-executive Directors and 4 non-independent Directors.

Ruth Pavey,

Company Secretary

020 3214 9154

 

END

 

 

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