14th Apr 2016 07:51
LONDON (Alliance News) - McKay Securities PLC on Thursday announced a series of changes to its board, including the forthcoming replacement of its non-executive chairman.
McKay, which invests in office and industrial property in London and the south east, said David Thomas will step down as chairman and as a director after McKay's annual general meeting in July.
Richard Grainger, an independent non-executive director, will become chairman after the AGM. Grainger is the chairman of Harrington Brooks, the debt management company. He was chairman of Safestore PLC until 2013 and prior to that chief executive of Close Brothers Corporate Finance Ltd.
McKay also said Jon Austen has been appointed as an independent non-executive director, with effect from July 1. Austen is the finance director of UK-listed property investor Urban & Civic PLC.
McKay shares were untraded on Thursday, having last traded at 238.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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