Mucklow(A.& J.)Group PLC Board Changes (7903S)
22 March 2016 - 2:08AM
UK Regulatory
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RNS Number : 7903S
Mucklow(A.& J.)Group PLC
21 March 2016
A & J MUCKLOW GROUP PLC
BOARD CHANGES
A&J Mucklow Group Plc, the Midlands based Real Estate
Investment Trust (REIT), is pleased to announce the following
changes in the Boardroom, which are planned to provide succession
and continuity in the composition of the Board.
Mr Ian Cornock has today been appointed to the Board as an
Independent Non-Executive Director and as a member of the Company's
Audit, Remuneration and Nomination Committees. He will also assume
the role of Senior Independent Director from 1 July 2016.
Mr Cornock is currently Lead Director for the Midlands Region of
Jones Lang LaSalle (JLL) and has over 30 years' experience in
commercial property, the last 18 years running the Birmingham
offices of Colliers, King Sturge and JLL.
Mr Paul Ludlow, current Senior Independent Director, will retire
from the Board on 30 June 2016 after 9 years' dedicated service to
the Company.
Mr Ludlow has agreed to become a consultant to the Company for a
period of 2 years from 1 July 2016, in order to continue to assist
the development team.
Mr Jock Lennox will be stepping down as a Non-Executive Director
at the Company's Annual General Meeting in November 2016, having
completed 6 productive years as Chairman of the Audit
Committee.
The Nomination committee has started the search for Mr Lennox's
replacement and intend to be in a position to make an appointment
by the summer.
Mr Rupert Mucklow, Chairman will reduce his time commitment at
Mucklow to the equivalent of 3 days a week from 1 May 2016, to
allow him to spend time on other private family matters. The
Nomination Committee are fully satisfied that Mr Mucklow will be
able to continue to fulfil his role as Executive Chairman.
Rupert Mucklow, Chairman, commented:
'I am sorry to be losing two exceptional Non-Executive Directors
this year, both of whom have made large contributions to the Board,
but I am also very excited at the prospects of working alongside
two new Non-Executive Directors and I am confident that our
business will continue to benefit from the wealth of experience our
specialist Non-Executive Directors offer.
On a personal note, I am delighted that the Board have allowed
me some flexibility on my time commitment to Mucklow. I have now
completed 25 years at the Company, the last 12 years as Executive
Chairman and I remain totally committed to the business.'
Other than set out above, there are no other items requiring
disclosure under paragraph 9.6.13 of the UKLA Listing Rules.
Contact:
Rupert Mucklow, Chairman
David Wooldridge, Finance Director
0121 550 1841
This information is provided by RNS
The company news service from the London Stock Exchange
END
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