British Land chairman John Gildersleeve to step down in July
British Land said on Monday that John Gildersleeve will step down as chairman at the conclusion of the annual general meeting in July.
British Land Company
388.40p
16:40 25/04/24
FTSE 100
8,078.86
17:14 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
Real Estate Investment Trusts
2,210.47
17:09 25/04/24
Gildersleeve will be succeeded by Tim Score, who has been an independent non-executive director of British Land and chair of the Audit Committee since 2014. He was previously the chief financial officer of ARM Holdings and is currently a non-executive director at Pearson and HM Treasury.
From 2005 to 2014, he was a non-executive director of National Express, including time as interim chairman and six years as senior independent director.
Gildersleeve said: "British Land is a great business, led by a team of exceptional people and it has been an honour to serve on the board, especially as chairman for the last six years. I am proud of the significant progress we have made as a team over that time and will step down from the board in the summer with the business well positioned for the future. I wish everyone at British Land every success."
Independent non-executive director Rebecca Worthington will become chair of the Audit Committee in July. She is a chartered accountant and group chief operating officer of Countryside Properties and was previously a non-executive director and chair of the Audit Committee at Hansteen Holdings.
At 1545 GMT, the shares were down 0.1% to 593.40p.