REG - British Land Co PLC - Appointment of CFO

British LandAnnouncement

23/10/2024 07:00

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RNS Number : 1967J  British Land Co PLC  23 October 2024

 

British Land appoints David Walker as Chief Financial Officer

 

23 October 2024

 

The Board of The British Land Company plc ("British Land") is pleased to
announce that after a comprehensive search and review of internal and external
candidates it has appointed David Walker as Chief Financial Officer ("CFO").

 

David will join the Board as an Executive Director and become CFO of British
Land with effect from 20 November 2024 at which point Bhavesh Mistry will step
down from the Board and as CFO.

 

David has been Chief Operating Officer and an Executive Committee member at
British Land since 2021. He was previously Head of Investor Relations and
served as Interim CFO of British Land from November 2020 to July 2021.

 

David joined British Land in 2017. He qualified as a Chartered Accountant with
PwC, before spending over seven years in various roles within the Corporate
Finance division at Deutsche Bank. After that, he worked for over 10 years in
investor relations, strategy, finance and corporate development roles within
UK listed businesses. Until 2023, David was Chair of the UK Investor Relations
Society, having served on their Board since 2012.

 

Simon Carter, Chief Executive Officer at British Land, said: "I am delighted
David will be joining the Board as CFO.  He has delivered significant value
and efficiencies as our Chief Operating Officer and is ideally placed to bring
his experience to again lead our expert finance team as we capitalise on the
strong momentum in the business".

 

David Walker, incoming Chief Financial Officer said: "It's a privilege to join
British Land's Board and become CFO at such an important and exciting time for
our business. I will be relentlessly focussed on ensuring British Land is in
the best place to take full advantage of the many opportunities we see in our
markets."

 

There are no matters that require disclosure under 6.4.8R of the UK Listing
Rules.

 

-ENDS-

Investors

 

Sandra Moura
 
 
07989755535

 

Media

 

Charlotte Whitley
 
 
07887802535

 

David Walker's annual remuneration arrangements will include:

Annual salary of £490,000; Provisions relating to bonus opportunity, bonus
deferral and long-term incentive plan are in accordance with British Land's
remuneration policy as approved by shareholders at the Annual General Meeting
in July 2022; a cash allowance in lieu of pension equal to 15% of base salary,
in accordance with British Land's remuneration policy and aligned with the
majority of the wider workforce.

 

Full details will be included in the next Annual Report and Accounts.

 

About British Land

British Land is a UK commercial property company focused on real estate
sectors with the strongest operational fundamentals: London campuses, retail
parks, and London urban logistics. We own or manage a portfolio valued at
£13.0bn (British Land share: £8.7bn) as at 31 March 2024.

 

Our purpose is to create and manage Places People Prefer - outstanding places
that deliver positive outcomes for all our stakeholders on a long term,
sustainable basis. We do this by leveraging our best in class platform and
proven expertise in development, repositioning and active asset management.

 

We have both a responsibility and an opportunity to manage our business in an
environmentally and socially responsible manner. Our approach to
sustainability is focused on three pillars: Greener Spaces, Thriving Places
and Responsible Choices. Read more about us at www.britishland.com
(http://www.britishland.com) .

 

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