REG - Hammerson PLC - CEO announces intention to retire in 2026

HammersonAnnouncement

Wed 07:00

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RNS Number : 2987L  Hammerson PLC  04 June 2025

4 June 2025

Hammerson plc

CEO announces intention to retire in 2026

Hammerson plc ("Hammerson" or the "Company") today announces that Rita-Rose
Gagné has informed the Board of her intention to step down and retire from
her position as Chief Executive Officer of Hammerson in 2026.

She will remain with the business for the next 12-months, bringing continuity
while a successor is identified. This timeframe will also allow for a full
handover and orderly transfer of her responsibilities. The Board and Rita-Rose
are committed to facilitating a smooth transition and to ensuring that the
delivery of Hammerson's growth strategy and operations continue at pace and
without disruption.

Robert Noel, Chair of Hammerson, said, "On behalf of the Board and the
Hammerson team I would like to thank Rita-Rose for her outstanding leadership
and immense contribution to the business since November 2020.

During this time, she has driven a substantial turnaround, transforming and
strengthening Hammerson into the largest UK-listed, pure-play owner and
manager of prime retail and leisure anchored city destinations. The Company is
now well positioned to continue to deliver growth and value creation."

Rita-Rose Gagné, Chief Executive Officer of Hammerson, said, "In 2026 I will
have been with Hammerson for an incredible five years, during which time I
have been privileged to work with our talented teams to transform our culture,
balance sheet and portfolio, returning the business to growth.

We are successfully executing a clear growth strategy and have tremendous
momentum for sustainable long-term value creation. With the business in great
shape, a strong team, and significant opportunities ahead, it is an exciting
time for Hammerson and the right time for me to pass on the baton."

In light of this announcement, the Board will commence a formal and thorough
recruitment process for Rita-Rose's successor and further updates will be
given in due course, including the date on which Rita-Rose will step down from
the Board. There is no further information to be declared in accordance with
LR 6.4.6.

The remuneration arrangements in relation to Rita-Rose's departure from the
Company, which will be consistent with the Company's Remuneration Policy, will
be disclosed on the Company's website at the appropriate time in accordance
with section 430(2B) of the Companies Act 2006.

Ends

Hammerson Investor Contact

Josh Warren, Hammerson, Director of Strategy, Commercial Finance &
Investor Relations

T: +44 (0) 20 7887 1053    E: josh.warren@hammerson.com

MHP for Hammerson

Oliver Hughes, Ollie Hoare and Charles Hirst

T: +44 (0) 20 3128 8100          E: Hammerson@mhpgroup.com

 

The announcement above has also been released on the SENS system of the
Johannesburg Stock Exchange and on Euronext Dublin.

 

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