26th Feb 2020 06:53
(Alliance News) - Chris Grigg is preparing to step down as chief executive officer of British Land Co PLC, Sky News reported late Tuesday.
Grigg has been in the role for 11 years since 2009. Sky News reported that, according to a leading shareholder, his effective departure date depends on who the FTSE 100-listed real estate investment trust chooses as his successor.
Should Chief Financial Officer Simon Carter be picked as the next CEO, Grigg could step down in the summer, Sky said. However, should the group appoint an external successor, Grigg could remain until next year.
Management consultant Russell Reynolds Associates is advising British Land's board on the process, according to Sky.
https://news.sky.com/story/veteran-british-land-chief-grigg-prepares-to-step-down-11943185
By Dayo Laniyan; [email protected]
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