Land Securities Group PLC New Board Appointments (6140W)
16 November 2017 - 1:45AM
UK Regulatory
TIDMLAND
RNS Number : 6140W
Land Securities Group PLC
15 November 2017
The following amendment has been made to the 'New Board
Appointments' announcement released on 14 November 2017 at 0702
under RNS No 3758W.
Paragraph 5 - Dame Alison Carnwarth corrected to Dame Alison
Carnwath.
All other details remain unchanged.
The full amended text is shown below.
15 November 2017
Land Securities Group PLC ("Landsec")
New Board Appointments
Landsec is pleased to announce that Colette O'Shea (Managing
Director, London Portfolio) and Scott Parsons (Managing Director,
Retail Portfolio) will be appointed to the Board with effect from 1
January 2018.
Colette O'Shea joined Landsec in 2003 and was appointed Head of
Development in 2008. She assumed her current position in 2014.
Prior to joining Landsec, she was Head of Estates at The Mercers'
Company. Colette has been responsible for the successful delivery
of Landsec's recent 3m sq ft speculative development programme in
London as well as Landsec's award winning Community Employment
Programme which has secured employment for more than 1000
disadvantaged people since its launch in 2011. She is a member of
the Mayor of London's Local Enterprise Partnership and formerly a
non-executive director of the Genesis Housing Association.
Scott Parsons re-joined Landsec in 2010 and was appointed to his
current role in 2013. Prior to re-joining Landsec, he held
leadership positions at GE Capital, Brookfield Asset Management and
Lloyds Banking Group. Scott has been responsible for overseeing the
transformation of Landsec's retail portfolio over the last four
years under the themes of dominance, experience and convenience. He
is a Trustee of LandAid.
The remuneration packages for both Colette O'Shea and Scott
Parsons are consistent with the Company's remuneration policy as
detailed in the 2017 Directors' Remuneration Report and approved by
shareholders in 2015. Both receive a basic annual salary of
GBP415,000. For 2017/18, they have an annual bonus opportunity of
up to 125% of salary, subject to performance conditions being met.
They also received grants in July under the Company's Long Term
Incentive Plan and these awards will vest (subject to performance
conditions being achieved) in 2020. With effect from 1 April 2018,
their remuneration package will be determined by the Remuneration
Committee in line with the 2018 Directors' remuneration policy to
be approved by shareholders at next year's AGM.
Dame Alison Carnwath, Chairman of Landsec, said; "The Board
knows both Colette and Scott well. They are proven leaders, with
deep market knowledge, who live our values. They will be good
additions to the Board and demonstrate good internal development
and bench strength in this business."
There are no other disclosures to be made under Listing Rule
9.6.13.
This announcement contains inside information.
Ends
About Landsec
At Landsec, we believe great places are for people to experience
and are made with the experience of great people. As the UK's
largest listed commercial property company, with 23.7 million sq ft
of real estate and a portfolio valued at GBP14.2 billion, we own
and manage some of the most successful and recognisable assets in
the country.
In London, our portfolio totals more than GBP7.8 billion, and
consists of 6.5 million sq ft of real estate. From the world-famous
Piccadilly Lights to the transformation of Victoria, SW1, we
deliver exceptional experiences for the businesses and people that
live and work in, and visit, the capital.
In Retail, across our 17.2 million sq ft of assets, we create
outstanding experiences for customers and guests alike. Combined
with the strength and resilience of our portfolio, this means we
regularly outperform industry benchmarks for footfall and sales. We
offer more than convenience and choice, recognising that memorable
destinations are key to attracting the shoppers and retailers of
today, and tomorrow.
We also aim to lead our industry in critical long-term issues -
from diversity and community employment, to carbon and climate
resilience. Everything we do is grounded in experience and begins
with people. We deliver value for our shareholders, great
experiences for our customers and positive change for our
communities. At Landsec, everything is experience.
Find out more at landsec.com
For further information, please contact:
Press Investors
Molly Neal Ed Thacker
+44 (0)20 7024 5460 +44 (0)20 7024 5185
Molly.Neal@landsec.com Edward.Thacker@landsec.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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