British Land taps Tesco's Bhavesh Mistry as new finance chief
British Land announced on Tuesday that Bhavesh Mistry has been appointed its chief financial officer.
The FTSE 100 firm said Mistry is currently deputy CFO at Tesco - a position he has held for more than two years.
Prior to that, he spent over five years at Whitbread, where he was finance director of the company’s hotels and restaurants division.
Mistry previously held senior positions in finance and strategy at Virgin Media and Anheuser-Busch InBev, and qualified as a Chartered Accountant at KPMG.
“I am delighted Bhavesh is joining British Land at this important time for our business,” said chief executive officer Simon Carter.
“His deep expertise in finance and wealth of experience in business transformation in fast moving industries will be invaluable as we continue to move our business forward and deliver against our strategic priorities.”
Mistry would become an executive director and join the main board, British Land confirmed.
He was expected to join the company by 1 August , and until then, David Walker would continue in his role as interim CFO.
“The business benefits from high quality assets with exciting opportunities for growth and development,” said Bhavesh Mistry.
“I'm looking forward to working with Simon and the team to realise this potential.”
At 0836 GMT, shares in British Land Company were up 0.75% at 457.5p.