Directorate Change

RNS Number : 7027N

Capital & Regional plc

16 June 2010

 

16 June 2010

CAPITAL & REGIONAL PLC

APPOINTS NEW CHAIRMAN

Capital & Regional Plc, the co-investing property asset manager, is pleased to announce the appointment of John Clare as Chairman with effect from 29 June 2010.

John was previously Group Chief Executive of Dixons Group plc between 1993 and 2007 and a non-executive Director of Hammerson between 1988 and 2009.  John is currently chairman of JJB Sports and Dreams plc.

Paul Stobart, Senior Independent Director, said:

 "We are delighted to have been able to attract such an experienced and distinguished business leader to succeed Tom Chandos.   The Board very much Iooks forward to working with John as the company's focus shifts once again to growing the business."

John Clare commented:

"I am delighted to be joining the Capital & Regional Board as its Chairman.  This remains a challenging time for the property sector but I am very confident that the company has the necessary skills and experience to deliver good returns for its shareholders over the next few years and I look forward to being a part of that future."

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For further information:                      

Capital & Regional

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

Maitland

Martin Leeburn / Emma Burdett                                                       Tel:  [phone]

 

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