Sirius Real Estate Limited Directorate Change (7536K)
26 September 2016 - 4:01PM
UK Regulatory
TIDMSRE
RNS Number : 7536K
Sirius Real Estate Limited
26 September 2016
26 September 2016
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Appointment of Non-Executive Chairman and Changes to Board
Committees
Sirius Real Estate, the leading operator of branded business
parks providing conventional and flexible workspace to the German
market, is pleased to announce that Neil Sachdev, a Non-Executive
Director, has been appointed as Non-Executive Chairman with
immediate effect.
Neil is replacing Robert Sinclair who has been Non-Executive
Chairman since 2011, during which time the Company has benefited
from Robert's experience and guidance while it underwent
substantial change. Robert is continuing as a Non-Executive
Director.
In addition, the following Non-Executive roles have been changed
with immediate effect: James Peggie succeeds Wessel Hamman as
Chairman of the Remuneration Committee, Robert Sinclair takes over
from Wessel Hamman as Chairman of the Audit Committee and Neil
Sachdev succeeds James Peggie as Chairman of the Nomination
Committee. Neil Sachdev also joins as a member of both the
Remuneration and Audit Committees.
The Company also confirms that a search has commenced for a
further Non-Executive Director.
Andrew Coombs, Chief Executive Officer of Sirius Real Estate
commented: "On behalf of the Board, I would like to thank Robert
wholeheartedly for his significant contribution as Chairman over
the last five years. At the same time, it is a pleasure to welcome
Neil as the Company's new Chairman. In the short time Neil has been
with the Company he has already had a positive impact. The
experience he brings from being involved at the senior end of the
real estate market and with the operational and governance
requirements of much larger businesses such as Tesco and Sainsbury,
ties in well with the ambitions we have for Sirius."
Chairman of Sirius Real Estate, Neil Sachdev, said, "I would
like to add my thanks to Robert for his leadership of the Company
and I look forward to continuing to work with him and all the team
going forward as we seek to continue to expand the business and
maximise returns to shareholders."
Enquiries:
Sirius Real Estate
Andrew Coombs, CEO
Alistair Marks, CFO +49 (0)30 285010110
Peel Hunt
Capel Irwin
Edward Fox +44 (0)20 7418 8900
Canaccord Genuity Limited +44 (0)20 7523 8000
Bruce Garrow
Chris Connors
JSE Sponsor: PSG Capital +27 (0)21 887 9602
David Tosi
Willie Honeyball
Novella +44 (0)20 3151 7008
Tim Robertson
Toby Andrews
This information is provided by RNS
The company news service from the London Stock Exchange
END
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