REG - Land Sec. Group PLC - Directorate Change

Land SecuritiesAnnouncement

11/12/2023 07:15

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RNS Number : 2368W  Land Securities Group PLC  11 December 2023

11 December 2023

 

Land Securities Group PLC ("Landsec")

 

Landsec notice of directorate changes

 

Appointment of Non-executive Directors and Senior Independent Director
Designate

 

Land Securities Group PLC ("Landsec") is pleased to announce that following a
comprehensive selection process, it has appointed Moni Mannings as an
Independent Non-executive Director and Senior Independent Director designate.
Moni will join the Board as Non-executive Director and the  Nomination and
Remuneration Committees as a member from 11 December 2023. She will succeed
Edward Bonham Carter as Senior Independent Director on 1 April 2024.

Moni is currently an Independent Non-Executive Director of Hargreaves Lansdown
plc, Non-Executive Director and Chair of the Remuneration Committee of easyJet
plc and Member of the Takeover Panel. She also founded EPOC, a not-for-profit
network that seeks to increase the number of people of colour on boards and is
a member of the Parker Review Committee. From 2000 until 2016, Moni was a
Partner and Head of the International Banking and Finance Division of Olswang
LLP, before which she held senior positions in other leading law firms.
Previous Non-Executive Director positions include Cazoo Group Ltd, Polypipe
Group plc, Dairy Crest Group plc, Breedon Group plc and Investec Bank plc.

Other Board changes: retirements of Edward Bonham Carter and Nicholas Cadbury

 

Landsec also confirms that with a successor now in position, Edward Bonham
Carter will retire from the Board at the AGM in July 2024. When he retires,
Edward will have served on the Landsec Board for over 10 years including
acting as Senior Independent Director from 2016.

In addition, Nicholas Cadbury has informed the Board of his intention to step
down from the Board on 31 December 2023, after seven years, chairing the Audit
Committee for most of that time. Nicholas was already succeeded by James
Bowling as Audit Committee Chair on 18 September 2023, and James will also
join the Nomination Committee as a member from 11 December 2023.

Sir Ian Cheshire commented:

"I am very excited to welcome Moni to the Board as a Non-executive Director
and as our future Senior Independent Director. Moni is a highly experienced
and respected City lawyer with extensive property financing experience and
also brings her experience of being a Senior Independent Director and
committee chair from other non-executive roles.

I would also like to take this opportunity to thank both Edward and Nicholas.
Edward has been our Senior Independent Director and a member of the Nomination
Committee for many years and most recently ran the chair succession process,
staying beyond his nine years to ensure a smooth chair transition process. He
also chaired our Remuneration Committee for a period and continues to serve on
that Committee as a member. Nicholas has chaired our Audit Committee since
2017, including over the challenging pandemic period, and has also been a
member of our Nomination Committee.

We thank Edward and Nicholas for their commitment to Landsec throughout their
tenure, for the significant experience and perspectives they have brought,
which have always been of great value to the Board, and wish them well for the
future."

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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