REG - Great Portland Ests. - GPE Board Appointments

Great Portland EstatesAnnouncement

04/02/2025 07:15

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RNS Number : 7485V  Great Portland Estates PLC  04 February 2025

4 February 2025

 

Great Portland Estates plc (the "Company" or "GPE")

 

GPE appoints Non-Executive Chair Designate and Senior Independent Director

GPE is pleased to announce the appointment of William Eccleshare as a
Non-Executive Director and Chair Designate with effect from 1 May 2025.
William will succeed Richard Mully as Chair of the Board from the conclusion
of the Company's 2025 Annual General Meeting in July, when Richard will retire
from the Board after more than eight years of service.

 

William's appointment follows a comprehensive selection process led by GPE's
Senior Independent Director, Nick Hampton.

 

William has extensive leadership experience in both executive and
non-executive roles.  He is currently a Non-Executive Director and Senior
Independent Director at Centaur Media plc and Chairman of Team ITG, a
privately owned digital media business.  He is also Chair of the Design
Council - a Royal Charter charity and the UK Government's strategic advisor on
design.  William was, until its recent acquisition, a Non-Executive Director
and Senior Independent Director of Britvic plc.  He was previously a
Non-Executive Director of Hays plc, Deputy Chairman of Clear Media Limited and
Executive Vice-Chair of Clear Channel Outdoor Holdings, Inc.

 

William's executive career was spent in advertising, media and
consumer-focused businesses in senior leadership and commercial roles.  Most
recently, he spent thirteen years at Clear Channel Outdoor Holdings, Inc.
where he was Chief Executive from 2012 to 2021 and led its listing on the New
York Stock Exchange in May 2019.  William was Chair and Chief Executive of
BBDO Europe from 2005 to 2009 and of Young & Rubicam EMEA from 2002 to
2005.  He is a former partner of McKinsey & Co where he led the firm's
European Marketing practice and prior to that he was CEO of advertising
agencies within WPP and the Interpublic Group.

 

Additionally, GPE announces that, having joined the Board in October 2016,
Nick Hampton will step down from the Board and its Committees on 3 April
2025.  Karen Green, who joined the Board as a Non-Executive Director in 2023,
will take over the role of Senior Independent Director from 4 April 2025.

 

Commenting on the appointments, GPE Chair Richard Mully said:

 

 "I am delighted that William has been selected to succeed me as Chair.
William brings significant executive and non-executive experience.  His
breadth of knowledge and skills, including his strong background in marketing,
business transformation, growth and innovation, will be invaluable to GPE's
Board.  I know he will provide effective leadership of the Board and great
support to Toby Courtauld and our management team, who welcome his
appointment.  It has been a privilege to serve on GPE's Board for over eight
years and I look forward to working closely with William over the coming
months to ensure a smooth handover.

 

On behalf of the Board, I would also like to thank Nick Hampton for his
leadership of the Chair succession process, his service as GPE's Senior
Independent Director and for his significant contribution to GPE since his
appointment in 2016.  I am delighted that Karen has accepted the Board's
invitation to become Senior Independent Director."

 

William Eccleshare said "I am excited to be joining the GPE Board as its
future Chair. With GPE's strong positioning and quality portfolio and with
management's strong track record, I look forward to leading the Board and
working with the GPE team to drive the Company's strategy and take advantage
of market opportunities. I also look forward to benefiting from Richard's wise
counsel as I transition into the Chair role."

 

William will join the Nomination Committee from 1 May 2025 and assume the role
of Chair of the Nomination Committee from the conclusion of the Company's 2025
Annual General Meeting.

 

There are no additional matters that would require disclosure under UK Listing
Rule 6.4.8 R in respect of William Eccleshare.

 

Contacts:

Great Portland Estates plc                     +44 (0)20 7647 3000
Richard Mully, Chair

Toby Courtauld, Chief Executive

 

FGS Global
    +44 (0)20 7251 3801
James Murgatroyd

Gordon Simpson

 

LEI Number:  213800JMEDD2Q4N1MC42

 

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