REG - Grainger PLC - Chair Designate Appointment

GraingerAnnouncement

31/07/2025 07:01

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RNS Number : 2611T  Grainger PLC  31 July 2025

31 July 2025

Grainger plc

("Grainger" or the "Company")

Chair Designate Appointment

 

Grainger plc, the UK's largest listed residential landlord and leader in the
build to rent sector, today announces that Simon Fraser has been appointed to
the Board as Non-Executive Director and Chair Designate to succeed Mark Clare,
whose nine year tenure as Chair will be concluding in February 2026, at the
Company's next Annual General Meeting ("AGM").

Simon is being appointed as an independent Non-Executive Director with effect
from 1 October 2025 and will also join the Board's Committees, enabling an
orderly handover prior to Mark's departure. Simon will stand for election at
the 2026 AGM and, if elected, will move into the role of Chair of the Board
and Nominations Committee with effect from the end of the 2026 AGM.

Simon brings substantial real estate and investment experience and more than
13 years of FTSE Board experience with two prominent REITs ("Real Estate
Investment Trust"), SEGRO plc and Derwent London plc. He is currently Chair of
the Remuneration Committee at SEGRO plc, and Senior Independent Director at St
James's Place plc. Between 2015 to 2021, Simon was Senior Independent Director
at Derwent London Plc. He was also on the Board of Legal & General
Investment Management from 2015 to 2024 and Lancashire Holdings Ltd from 2013
to 2023.

Simon also brings a wealth of experience in the global capital markets from a
long, successful career in investment banking and corporate broking, advising
a wide range of clients across numerous sectors, including many consumer
facing businesses. Prior to his retirement from executive roles in 2011, Simon
worked at Bank of America Merrill Lynch where he was Managing Director and
Co-Head of Corporate Broking.

Helen Gordon, Chief Executive of Grainger, said:

"We are very pleased to welcome Simon Fraser to the Board. Simon has a deep
understanding of both the real estate investment market and the global capital
markets. With Grainger's excellent operational track record in a strong,
growing market, Simon's experience will help us continue on our plans to
deliver compounding earnings growth as we enter our first financial year as a
REIT."

Simon Fraser, Chair Designate of Grainger, commented:

"I am very excited to be joining Grainger which is a great business with some
even greater prospects."

Justin Read, as Senior Independent Director, led the appointment process.

The Board has determined that Simon is independent according to the provisions
of the UK Corporate Governance Code (2024 version).

No further information is required to be disclosed pursuant to paragraph
6.4.8R of the Listing Rules of the Financial Conduct Authority.

For further information, please contact:

 

Investor Relations

Kurt Mueller, Grainger plc:
 
+44 (0) 20 7940 9500

 

Media

Ginny Pulbrook / Geoffrey Pelham-Lane, Camarco:
 +44 (0) 20 3757 4992 /
4985

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