27th Oct 2021 21:56
KCR Residential REIT PLC - residential-focused real estate investment trust - Says Chief Executive Dominic White to move to non-executive position on board at conclusion of November 19 annual general meeting. Executive Director Russell Naylor to become CEO. "He will continue to oversee the finance function," KCR says.
KCR adds: "The company notes that Dominic White, having served as chief executive and being a significant shareholder, will not be deemed an independent non-executive director for the purposes of the QCA Code, which the company has adopted, although he will be independent of Torchlight. The company will continue to only have one independent non-executive director (James Thornton). It is intended at the appropriate time to seek appointment of a further independent non-executive director."
Current stock price: 23.00 pence
Year-to-date change: down 2.1%
By Eric Cunha; [email protected]
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