REG - British Land Co PLC - Directorate Change

British LandAnnouncement

11/03/2024 07:00

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RNS Number : 2474G  British Land Co PLC  11 March 2024

 

British Land appoints William Rucker as Chair Designate

11 March 2024

The Board of The British Land Company PLC ("British Land") is pleased to
announce that following a comprehensive selection process, it has appointed
William Rucker as Chair Designate. William will join the Board as
Non-Executive Director, Chair of the Board and Chair of the Nomination
Committee at the conclusion of the British Land AGM on 9(th) July 2024.
William will succeed incumbent Chair Tim Score on that date, when Tim will
stand down after five years as Chair and ten years on the Board.

 

Since January 2023 William has been Chair of Intermediate Capital Group plc.
Having been in place since October 2018, he will step down as Chair and a
member of the Board of Marston's Plc prior to taking up his role at British
Land.  He was most recently Chair of Lazard in the UK, an investment bank
focused on asset management and financial advisory businesses, which he joined
in 1987 from Arthur Andersen where he qualified as a Chartered Accountant.
William has extensive experience in the real estate sector having previously
been Chair of Crest Nicholson Holdings plc (2011-2018) and Quintain Estates
and Development PLC (2009-2015), where British Land's CEO, Simon Carter, was
Finance Director from 2015-2017.

 

Tim Score said "I am very proud to have served as Chair of British Land and am
pleased to hand over to someone of William's calibre and experience to steer
the business through its next chapter. I am confident he will provide the
Board with strong and effective leadership and will be a great support to
Simon and the executive team".

 

William Rucker said "I have long admired British Land as a company with a
terrific heritage and am delighted to be taking on the role of Chair. It is a
fantastic business with a strong track record and a highly effective team at
its helm. I look forward to working with the Board and the team as we take the
business forward".

 

Simon Carter commented "I am hugely grateful to Tim for his advice and support
during his tenure as Chair. British Land has benefitted greatly from his
expertise and guidance over his ten years on the Board.

 

I am very much looking forward to working with William again.  He has
extensive relevant experience, having chaired both public and private UK real
estate businesses. His insights will be invaluable as we continue to execute
our value add strategy and look to seize growth opportunities in the portfolio
and those emerging in the market".

 

William's other key appointments are listed below.  No other information is
required to be disclosed pursuant to LR 9.6.13R of the Listing Rules.

 

Charities, public bodies and not-for-profit

 

Chairman of the UK Dementia Research Institute

Steward of the Jockey Club

Founder Director of Flint Housing, a registered for profit housing association

 

 

 

- ENDS -

 

Investors

Sandra
Moura
07989 755 535

Media Enquiries:

Charlotte Whitley, British
Land
07887 802 535

 

About British Land

Our portfolio of high quality UK commercial property is focused on London
Campuses and Retail & London Urban Logistics assets throughout the UK. We
own or manage a portfolio valued at £12.7bn (British Land share: £8.7bn) as
at 30 September 2023 making us one of Europe's largest listed real estate
investment companies.

We create Places People Prefer, delivering the best, most sustainable places
for our customers and communities. Our strategy is to leverage our best in
class platform and proven expertise in development, repositioning and active
management, investing behind two key themes: Campuses and Retail & London
Urban Logistics.

Our three campuses at Broadgate, Paddington Central and Regent's Place are
dynamic neighbourhoods, attracting growth customers and sectors, and offering
some of the best connected, highest quality and most sustainable space in
London. We are delivering our fourth Campus at Canada Water, where we have
planning consent to deliver 5m sq. ft of residential, commercial, retail and
community space over 53 acres. Our Campuses account for 62% of our portfolio.

Retail & London Urban Logistics accounts for 38% of the portfolio and is
focused on retail parks which are aligned to the growth of convenience, online
and last mile fulfilment. We are complementing this with urban logistics
primarily in London, focused on development led opportunities.

Sustainability is embedded throughout our business. Our approach is focused on
three key pillars where British Land can create the most benefit: Greener
Spaces, making our whole portfolio net zero carbon by 2030, Thriving Places,
partnering to grow social value and wellbeing in the communities where we
operate and Responsible Choices, advocating responsible business practices
across British Land and throughout our supply chain, and maintaining robust
governance structures.

Further details can be found on the British Land website at
www.britishland.com.

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