REG-SEGRO PLC Statement re Expansion of Executive Committee and Confirmation of COO Retirement Date

SEGROAnnouncement

17/05/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230517:nBwbXTC1ja&default-theme=true


Statement re Expansion of Executive Committee and Confirmation of COO
Retirement Date

 

Following the announcement on 22 September 2022 regarding the retirement of
its Chief Operating Officer Andy Gulliford, SEGRO plc (“SEGRO” or the
“Group) (BOURSE:SGRO) today confirms that Andy will be retiring from the
business and stepping down from the Board on 30 June 2023.

The Group also announces that it has taken this opportunity to expand its
executive leadership structure, to reflect the increased scale and footprint
of its operations. The new structure provides opportunities to promote the
great talent within the business, whilst ensuring that the leadership team has
the right experience and capabilities to continue to deliver SEGRO’s
strategic priorities and secure its ambitious plans for future growth.

As a result, SEGRO is appointing James Craddock, Paul Dunne, Andrew Pilsworth
and Marco Simonetti to its Executive Committee, reporting to David Sleath,
Chief Executive. The new roles, which will take effect from 1 July 2023, are
detailed below and will fulfil a wide range of functions from leading the
Group’s property operations, implementing its sustainability strategy, to
incubating new propositions and driving growth.

David Sleath, Chief Executive, SEGRO, said:

“Our existing operating model has served us well over the last decade as we
have grown into one of Europe’s largest and best-performing property
companies. While we can be proud of our achievements to date, we remain
ambitious for further growth, success and continued exemplary customer
service. The time is right to evolve our organisational model to take full
advantage of the exciting opportunities ahead, and to ensure we continue to
meet the expectations of our customers, shareholders, colleagues and other
stakeholders.

“James, Paul, Andrew and Marco are exceptional leaders with many years’
experience in a variety of roles, which will be hugely beneficial as we strive
towards our ambition to be the best property company.

“I would also like to take this opportunity to once again thank Andy for his
significant contribution to SEGRO’s success over the years and to wish him
well for the future.”

New roles and appointments

Managing Director, UK & Managing Director, Continental Europe

Two new roles have been formed with responsibility for leading SEGRO’s
property activities, one covering the UK and the other Continental Europe.
This will include achieving portfolio outperformance and growth, as well as
supporting the delivery of the Group’s strategy within their respective
regions.

James Craddock has been promoted from his role as Managing Director of
SEGRO’s Thames Valley business unit to Managing Director, UK. Marco
Simonetti has been promoted from his role as Managing Director of SEGRO’s
Southern Europe business unit to Managing Director, Continental Europe.

Group Customer & Operations Director

Customers have been at the heart of SEGRO’s business for many years and the
creation of this role signifies the Group’s intent to raise its customer
service standards to a new level and to further deepen its customer
relationships to provide competitive advantage. Alongside this will be the
responsibility for setting standards and ensuring consistency across the UK
and Europe within the operational functions, including driving the Group’s
sustainability strategy.

Paul Dunne, currently Managing Director, Group Operations has been promoted to
this role.

Chief of Staff

The Chief of Staff will work closely with David Sleath and other Executive
Committee members in developing and implementing strategic initiatives and
leading on cross-border business propositions.

Andrew Pilsworth, currently Managing Director of SEGRO’s National Logistics
business unit, has been promoted to this role.

As a result of these changes, James, Paul, Andrew and Marco will join the
Executive Committee alongside existing members David Sleath, Soumen Das (Chief
Financial Officer) and Margaret Murphy (Group HR Director).

COO retirement

As required by s430(2B) of the Companies Act 2006, details of the remuneration
payments to be made to Andy Gulliford will be published on the Company's
website when he steps down from the Board.

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 9.9 million
square metres of space (106 million square feet) valued at £20.9 billion as
at 31 December 2022, 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.

Striving for the highest standards of innovation, sustainable business
practices and enabling economic and societal prosperity underpins SEGRO’s
ambition to be the best property company.

See www.SEGRO.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fprotect-eu.mimecast.com%2Fs%2Fm58_CzmRgcmL0ExsXlE2_%3Fdomain%3Dsegro.com&esheet=53401596&newsitemid=20230516005909&lan=en-US&anchor=www.SEGRO.com&index=1&md5=c63e82cc95c170ae5ab989e4031ed8db)
for further information.

CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES: 

SEGRO

David Sleath (Chief Executive)

Tel: +44 (0) 20 7451 9120

Claire Mogford (Head of Investor Relations)

Tel: +44 (0) 20 7451 9048

Gary Gaskarth (External Communications Manager)

Tel: +44 (0) 20 7451 9069

FTI Consulting

Richard Sunderland / Ellie Sweeney / Eve Kirmatzis

Tel: +44 (0) 20 3727 1000



View source version on businesswire.com:
https://www.businesswire.com/news/home/20230516005909/en/
(https://www.businesswire.com/news/home/20230516005909/en/)

SEGRO PLC


Copyright Business Wire 2023