Directorate Change

RNS Number : 2263Y

Grainger PLC

03 July 2008

 

Letter to RNS

ISIN Number: GB00B04V1276 

We set out below an announcement relating to the appointment of a new non-executive director.

Grainger Strengthens Board With The Appointment Of Baroness Ford Of Cunninghame As Non-Executive Director

Grainger plc ('Grainger'), the UK's largest quoted residential property owner and trader today announces that it has strengthened its Board with the appointment of a new independent non-executive director with immediate effect.

Baroness Margaret Ford, who has a depth of expertise in both the property industry and the regeneration sector, will further strengthen the breadth of experience of the non-executives on Grainger's Board.

She is currently a Managing Director in the Royal Bank of Canada's Capital Markets Group, where she has a focus on supporting investment in real estate and regeneration projects in the UK and Europe. She is also a Non-Executive Director of Serco Group plc, which is one of the worlds largest public service companies. She is Serco's Senior Independent Director and serves on their Audit and Remuneration Committees.

Prior to this she was Chairman, from 2002, of English Partnerships, the Government's Regeneration Agency. Her early career was spent in a variety of housing and regeneration roles across the public and private sector.

Robin Broadhurst, Chairman of Grainger said:

"We are delighted to welcome Margaret onto Grainger's Board. Her breadth of experience in regeneration combined with her property experience, particularly in the housing sector, will prove invaluable."

Baroness Margaret Ford is considered independent on appointment under the provision's of the combined code. She will become a member of the Audit Committee with immediate effect.

No further details remain to be disclosed as required under LR 9.6.13R of the Listing Rules of the UK Listing Authority.

For and on behalf of Grainger plc

Michael P Windle
Assistant Company Secretary

 

END

 

 

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