REG - Land Sec. Group PLC - Board and Committee changes

Land SecuritiesAnnouncement

27/07/2023 08:00

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RNS Number : 3189H  Land Securities Group PLC  27 July 2023

27 July 2023

 

Land Securities Group PLC ("Landsec")

 

Landsec notice of directorate change

 

Appointment of Non-executive Director and Audit Committee Chair Designate

 

Land Securities Group PLC ("Landsec") is pleased to announce that following a
comprehensive selection process, it has appointed James Bowling as an
Independent Non-executive Director and Audit Committee Chair Designate. James
will join the Board as Non-executive Director on 7 September 2023 and will
succeed Nicholas Cadbury as Chair of the Audit Committee at the end of its
meeting on 18 September 2023. Nicholas will remain on the Board as a
Non-executive Director and member of the Audit Committee.

James, a chartered accountant, was Chief Financial Officer of Severn Trent Plc
from 2015 until recently retiring from this role. Prior to that, James held
senior financial roles at Shire plc. James does not hold any other listed
non-executive directorships.

Retirement of Senior Independent Director and recruitment of successor

Landsec also confirms that it is currently intended that Edward Bonham Carter
(Senior Independent Director) who has been a Non-executive Director for over
nine years, will retire from the Board in 2024, and that in light of this, a
recruitment process has commenced, facilitated by an external recruitment
agency, to look for a further Non-executive Director to join the Board. A
further announcement will be made to confirm Edward's retirement plans and
notify the appointment of his successor.

Sir Ian Cheshire commented:

"I am very excited to welcome James Bowling to the Board as a Non-executive
Director and as our future Audit Committee Chair. James is a highly
experienced FTSE Chief Financial Officer who has successfully transferred his
skills across sectors and has broad experience overseeing long-term capital
investment models.

I would also like to thank Nicholas, who has chaired the Audit Committee for
the last six years, including in challenging circumstances over the Covid
pandemic. I am very pleased that we will continue to benefit from his skills
and experience as a Non-executive Director."

There are no other details that are required to be disclosed in respect of
Rule 9.6.13 of the Listing Rules.

 

Enquiries:

 Landsec

 Marina Thomas (Company Secretary)     +44 (0) 7770 433152

 Edward Thacker (Investor Relations)   +44 (0) 7887 825869

 Sara Doggett (Corporate Affairs)      +44 (0) 7834 431258

 

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