21st Jan 2019 12:13
LONDON (Alliance News) - FTSE 100-listed real estate investment trust British Land Co PLC said on Monday that two of its executive directors, Tim Roberts and Charlie Maudsley, will step down from their roles with effect from March 31.
Roberts has been part of British Land for 22 years since 1997, his most recent role being as head of Offices for 13 years since 2006.
Maudsley has been part of the company for nine years since 2010, as the head of Retail, Leisure & Residential.
In addition, British Land has promoted Deputy Head of Retail Darren Richards to the role of head of Real Estate. He will take on responsibility for leading a real estate management and leasing team for both Offices and Retail.
"Both Tim and Charlie have delivered considerable value to British Land over an extended period. The board and I will miss their support and advice; we will also miss their energy, enthusiasm and wealth of property expertise and thank them for everything they've done for our business," said Chief Executive Chris Grigg.
"Bringing together the deep property expertise we have across both Offices and Retail into a single Real Estate team under Darren's leadership is an important step as we continue to develop our business to reflect the fast-evolving demands of our customers and deliver our strategic goals," Grigg added.
Shares in British Land were down 1.1% at 564.89 pence on Monday.
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