Directorate Change

RNS Number : 7977E

Capital & Regional plc

01 October 2008

 



1 October 2008

CAPITAL & REGIONAL PLC

APPOINTS NEW FINANCE DIRECTOR

Capital & Regional plc, the co-investing property asset manager, announces that Charles Staveley has been appointed Group Finance Director and will join the Board with effect from 1 October.  As previously announced, he takes over from William Sunnucks.

Charles Staveley joined the Company in September 2007 as Deputy Finance Director.  Since joining he has supported William Sunnucks on a number of projects and worked with Hugh Scott-Barrett on the Group's strategic planning.  Aged 45, Charles qualified as a Chartered Accountant with Arthur Andersen and has additional tax and treasury qualifications.  Before joining the Company he was Head of Tax and Treasury at COLT Telecommunication Group, where he was responsible for implementing a new offshore group holding structure and refinancing the group.  Prior to that he has held roles with various other companies, including De La Rue Group plc, Textron Inc and Novar Group plc. 

In accordance with paragraph 9.6.13 (1-6) of the Listing Rules, Charles Staveley has advised that he has no details to disclose.

Hugh Scott-Barrett, Chief Executive, said: "I very much look forward to working with Charles Staveley as Finance Director. He takes on the role at a point where Capital & Regional's financial position is much improved. Charles' technical skills are well suited to both the challenges that lie ahead as well as the opportunities that are likely to emerge to restore Capital & Regional to a path to growth."

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For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive                  Tel: [phone]

Maitland:                                                            Tel: [phone]

Martin Leeburn / Emma Burdett 

Notes to editors:

About Capital & Regional plc

Capital & Regional is the co-investing asset manager which specialises in town centre shopping centres, out of town retail parks, and urban entertainment complexes.  

Capital & Regional founded the Mall and Junction Funds in conjunction with Morley Fund Management. It also founded the X-Leisure fund with Hermes Investment Management Limited, and has a number of other joint ventures and developments. Its shares are quoted on the London Stock Exchange.  

For further information visit:   www.capreg.com 

 

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