Land Securities Group PLC Chairman Update and Declaration (9770T)
28 July 2022 - 04:00PM
UK Regulatory
TIDMLAND
RNS Number : 9770T
Land Securities Group PLC
28 July 2022
28 July 2022
Land Securities Group PLC ("Landsec")
Landsec notice of directorate change - Chairman
Landsec announces that Cressida Hogg intends to retire as
Chairman and a Director of Landsec in 2023. Having been appointed
as a Non-executive Director in January 2014 (and subsequently as
Chairman in July 2018), Cressida will be approaching nine years on
the Board in January 2023. The Nomination Committee, led by the
Senior Independent Director, Edward Bonham Carter, has commenced
the process to identify and appoint Cressida's successor, and is
being supported by external consultants . Cressida is expected to
step down no later than Landsec's next AGM in July 2023, and a
further announcement will be made in due course .
Landsec further announces, pursuant to Listing Rule 9.6.14, that
it has been notified that Cressida has been appointed as a
Non-executive Director and Chair Designate of BAE Systems plc
("BAE") with effect from 1 November 2022, and will be appointed as
Chair subject to election at the BAE AGM in May 2023.
Cressida Hogg commented "I have much enjoyed my tenure at
Landsec, especially the last five years as Chair. I know I will be
leaving the company in a robust position with a strong leadership
team and Board. I look forward to working with my appointed
successor to ensure a smooth transition."
Mark Allan, Chief Executive Officer of Landsec said "On behalf
of the Board I would like to thank Cressida for her invaluable
contribution and leadership during her time with Landsec. The
business has benefited considerably from her broad business
experience and, from a personal perspective, I have been grateful
for her support and guidance since being appointed CEO a little
over two years ago."
Ends
Leigh McCaveny
Interim Company Secretary
Tel: 0207 024 5193
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END
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