25th Jan 2019 08:49
LONDON (Alliance News) - Hammerson PLC said on Friday that Non-Executive Director Terry Duddy has stepped down after taking up the role of interim chair at struggling department store Debenhams PLC.
As Duddy has been a director at the retail property investor for nine years, it had in any case been expected he would step down at Hammerson's annual general meeting in April 2019, Hammerson said.
The FTSE 250 constituent said it is in the "advanced stages" in the search for his replacement.
In London, shares in Hammerson were down 1.4% at 348.20 pence on Friday while in Johannesburg, the stock was down 2.1% at ZAR62.50.
Early Friday, Citigroup cut its recommendation on Hammerson shares to Sell from Neutral with a 278 pence price target, cut from 465p.
Related Shares:
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