CEO TRANSITION

Workspace Group PLC

22 October 2024

 

22 October 2024

WORKSPACE GROUP PLC

CEO TRANSITION

LAWRENCE HUTCHINGS TO TAKE OVER AS CEO OF WORKSPACE ON 18 NOVEMBER 2024

Workspace Group PLC ('Workspace'), London's leading provider of sustainable, flexible workspace, announces that, further to the Company's announcement on 8 May 2024, Lawrence Hutchings will take up the role of Chief Executive Officer and join the Board on 18 November 2024, succeeding Graham Clemett. To ensure a smooth transition, Graham will be available to the business until his notice period ends on 31 January 2025, at which time he will step down from the Board.

Details of Lawrence's remuneration arrangements were set out in the Company's 2024 Annual Report & Accounts.

Consistent with his contractual terms, Graham Clemett will be paid salary, pension and benefits in the normal way until the expiry of his notice period on 31 January 2025. Details of his remuneration arrangements in connection with his retirement will be made available in due course in accordance with section 430(2B) Companies Act 2006.

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For media and investor enquiries, please contact:

Workspace Group PLC                                                            

Paul Hewlett, Director of Strategy & Corporate Development                               020 7138 3300

Clare Marland, Head of Corporate Communications                               

FGS Global  

Chris Ryall                                                                                                              020 7251 3801

Guy Lamming   

Notes to Editors

About Workspace Group PLC:

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.3 million sq. ft. of sustainable space at 73 locations in London and the South East.

We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.

We have a unique combination of a highly effective and scalable operating platform, a portfolio of distinctive properties, and an ownership model that allows us to offer true flexibility. We provide customers with blank canvas space to create a home for their business, alongside leases that give them the freedom to easily scale up and down within our well-connected, extensive portfolio.

We are inherently sustainable - we invest across the capital, breathing new life into old buildings and creating hubs of economic activity that help flatten London's working map. We work closely with our local communities to ensure we make a positive and lasting environmental and social impact, creating value over the long term. Workspace was established in 1987, has been listed on the London Stock Exchange since 1993, is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association (EPRA).

Workspace® is a registered trademark of Workspace Group PLC, London, UK.

LEI: 2138003GUZRFIN3UT430

For more information on Workspace, visit www.workspace.co.uk

 

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