Land Securities Group Plc
19 October 2006
19 October 2006
Land Securities Group PLC ('Land Securities'/'the Group')
Land Securities Directorate Change
Land Securities announces that, as a result of an internal restructuring, the
role of Group Chief Operating Officer is no longer required. Mark Collins will
therefore be stepping down from the Board and leaving the Group. He has decided
to depart at the end of November 2006 in order to ensure a smooth transition to
the new reporting lines within the Group.
Commenting on the announcement Peter Birch, Chairman, said
'We would like to thank Mark for his tremendous contribution to the Group over
the past four and a half years. This period has seen great organisational
change for the company in which Mark's management skills have proved invaluable.
He has also played a key role in the increased level of transactional
activity, most notably the property swap with Slough Estates and the corporate
acquisition of Tops Estates. At the same time he has worked closely alongside
his fellow Executive Directors in implementing a reorganisation of the business
into sector focused business units in order to deliver greater customer focus.
It has been the success of this reorganisation which has led to his departure.
'Mark is respected as much across the Group as in the wider property world, and
we wish him well in the future.'
Commenting on the announcement Mark Collins said
'I have really enjoyed my time at Land Securities where I have had the privilege
of working with an outstanding team. However, I feel that I have fulfilled my
brief and therefore look forward to a new challenge'.
For further information
Land Securities Group
Francis Salway/Emma Denne
020 7024 5460
Financial Dynamics
Stephanie Highett/Dido Laurimore
020 7269 3113
NOTES TO EDITORS
As a result of the reorganisation which will come into effect on 15 November
2006, the principal reporting lines to the Group Chief Operating Officer have
been restructured as follows:
Business function Reporting line
Business Development Martin Greenslade
Kent Thameside Mike Hussey
Property Management David Godden
Project Management Francis Salway
This information is provided by RNS
The company news service from the London Stock Exchange
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