Intu Properties PLC Directorate Change (8401V)
26 July 2018 - 4:02PM
UK Regulatory
TIDMINTU
RNS Number : 8401V
Intu Properties PLC
26 July 2018
26 JULY 2018
intu properties plc ("intu" or the "Company")
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
LEI: 213800JSNTERD5CJZO95
Regulated Information Classification: Inside Information
intu announces that David Fischel, Chief Executive, will be
standing down from the Board and leaving intu once a successor to
David has been appointed.
intu's Chairman, John Strachan, said:
"David has been with the Group since 1985, and Chief Executive
since 2001, a period which has included transformative events such
as the demerger of Capital & Counties in 2010, the intu
Trafford Centre transaction in 2011 and the rebranding as intu in
2013. He has played a major role in intu becoming the UK's leading
owner, developer and manager of large scale regional shopping
centres with some GBP10 billion of assets.
Under the proposed Hammerson merger, David was expecting to
stand down upon the transaction completing. That transaction is no
longer proceeding, and the Board is enormously grateful to David
for agreeing to remain in post for a longer period than he had
envisaged, giving the Board sufficient time to search for a
suitable successor.
I would like also to extend my personal gratitude for the
substantial contribution David has made to this business over many
years."
intu will provide further detail on timing once a successor has
been identified.
Enquiries:
intu properties plc
John Strachan Chairman +44 (0) 207 960 1201
Amanda Campbell Communications Director +44 (0) 207 960 1241
Adrian Croft Head of Investor Relations +44 (0) 207 960 1212
Public relations
UK: Justin Griffiths, Powerscourt +44 (0) 207 250 1446
SA: Frédéric Cornet, Instinctif Partners +27 (0) 114 473 030
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END
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