REG - SEGRO PLC - Directorate Change

SEGROAnnouncement

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RNS Number : 7073G  SEGRO PLC  30 April 2025

 

 

 

30 April 2025

 

DIRECTORATE CHANGE

 

SEGRO CHIEF FINANCIAL OFFICER TO STEP DOWN

 

SEGRO plc ("SEGRO") announces that Soumen Das has informed the Board of his
intention to retire from his role as Chief Financial Officer (CFO) and
Executive Director of the Company. A process has commenced to identify his
successor and a further announcement confirming board succession arrangements
will be made in due course. Soumen will remain within the business until the
end of the year, allowing for an orderly transition of his responsibilities.

 

Soumen joined the business in January 2017 to lead the finance function and
his role has since expanded to include a number of other responsibilities.

 

David Sleath, Chief Executive, said:

 

"Soumen has made an enormous contribution to the growth and success of SEGRO
over the past eight years, a period that has coincided with SEGRO establishing
itself as the largest REIT in Europe and one of the UK's largest listed
companies.  He has been a valued member of the Board, a great support to me
personally and has led significant initiatives across SEGRO during his tenure.
On behalf of the Board and everyone at SEGRO I wish him the very best for the
future."

 

Soumen Das, Chief Financial Officer, said:

 

"It has been a remarkable journey since I joined SEGRO in 2017. I have hugely
enjoyed the part I've played in its expansion and performance and have great
confidence in its future prospects. However, I've not seen enough of my family
during my 15 years as a listed company CFO, and so I feel the time is now
right for me to step away and make up for that. I must thank everyone I have
worked with during my time here, especially David and all my SEGRO colleagues,
and I wish them all every success."

 

 

 

NOTES

 

Details of Soumen Das' remuneration arrangements, which will be consistent
with the Company's Remuneration Policy, will be made available in due course
in accordance with s430(2B) of the Companies Act 2006.

 

 

 

CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES:
 SEGRO           Claire Mogford (Head of Investor Relations)        Tel: +44 (0) 20 7451 9048
 FTI Consulting  Richard Sunderland / Ellie Sweeney/ Eve Kirmatzis  Tel: +44 (0) 20 3727 1000

 

 

 

About SEGRO

 

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock
Exchange and Euronext Paris, and is a leading owner, manager and developer of
modern warehouses and industrial property. It owns or manages 10.3 million
square metres of space (111 million square feet) valued at £20.3 billion
serving customers from a wide range of industry sectors. Its properties are
located in and around major cities and at key transportation hubs in the UK
and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses, used primarily
for regional, national and international distribution hubs, to urban
warehousing located close to major population centres and business districts,
it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to
SEGRO's purpose and strategy. Its Responsible SEGRO framework focuses on three
long-term priorities where the company believes it can make the greatest
impact: Championing low-carbon growth, Investing in local communities and
environments and Nurturing talent.

See www.SEGRO.com for further information.

 

 

 

 

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