Board and Committee changes

Land Securities Group PLC
27 July 2023
 

27 July 2023

 

Land Securities Group PLC ("Landsec")

 

Landsec notice of directorate change

 

Appointment of Non-executive Director and Audit Committee Chair Designate

 

Land Securities Group PLC ("Landsec") is pleased to announce that following a comprehensive selection process, it has appointed James Bowling as an Independent Non-executive Director and Audit Committee Chair Designate. James will join the Board as Non-executive Director on 7 September 2023 and will succeed Nicholas Cadbury as Chair of the Audit Committee at the end of its meeting on 18 September 2023. Nicholas will remain on the Board as a Non-executive Director and member of the Audit Committee.

James, a chartered accountant, was Chief Financial Officer of Severn Trent Plc from 2015 until recently retiring from this role. Prior to that, James held senior financial roles at Shire plc. James does not hold any other listed non-executive directorships.

Retirement of Senior Independent Director and recruitment of successor

Landsec also confirms that it is currently intended that Edward Bonham Carter (Senior Independent Director) who has been a Non-executive Director for over nine years, will retire from the Board in 2024, and that in light of this, a recruitment process has commenced, facilitated by an external recruitment agency, to look for a further Non-executive Director to join the Board. A further announcement will be made to confirm Edward's retirement plans and notify the appointment of his successor.

Sir Ian Cheshire commented: 

"I am very excited to welcome James Bowling to the Board as a Non-executive Director and as our future Audit Committee Chair. James is a highly experienced FTSE Chief Financial Officer who has successfully transferred his skills across sectors and has broad experience overseeing long-term capital investment models.

I would also like to thank Nicholas, who has chaired the Audit Committee for the last six years, including in challenging circumstances over the Covid pandemic. I am very pleased that we will continue to benefit from his skills and experience as a Non-executive Director."

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Listing Rules.

 

Enquiries:

Landsec

Marina Thomas (Company Secretary)

Edward Thacker (Investor Relations)

Sara Doggett (Corporate Affairs)

 

+44 (0) 7770 433152

+44 (0) 7887 825869

+44 (0) 7834 431258

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings