28th Feb 2005 07:02
Hammerson PLC28 February 2005 Hammerson - Appointment of John Nelson as Chairman Hammerson plc announces that Ronald Spinney will retire as Chairman on 30September 2005 and will be succeeded by John Nelson. Ronald Spinney joined the Board as Chief Executive of Hammerson in April 1993and was appointed Chairman in October 1999. John Nelson joined the Board as a non-executive director in May 2004. He wasformerly Chairman of Credit Suisse First Boston (Europe) and Vice Chairman ofLazard Brothers, having started his career with Kleinwort Benson. He is DeputyChairman of Kingfisher plc and a non-executive director of BT Group plc. Hammerson also announces that Graham Pimlott will be standing down from theBoard on 31 December 2005. He joined the Board as a non-executive director inSeptember 1993 and was appointed Deputy Chairman in 2000, in which capacity heacts as senior independent director. An announcement regarding the appointmentof a senior independent director to succeed Graham Pimlott will be made later inthe year. Commenting, Ronald Spinney said: " In 2004, I indicated to the Board my intention to retire in Autumn 2005. Aprocess to find my successor was initiated which considered both internal andexternal candidates. I am delighted at the choice of John Nelson, an existingnon-executive director. He knows and understands Hammerson well. In addition, hehas a depth of experience as a senior banker and from his non-executivedirectorships of other major companies, which will be of great value toHammerson and its Board. "I would also like to place on record my appreciation to Graham Pimlott for hiswise counsel and significant contribution to Hammerson over many years." John Richards, Chief Executive, said: " In Ron Spinney's twelve years at Hammerson, first as Chief Executive and thenas Chairman, the Company has been transformed and earned a reputation as one ofEurope's most respected property companies. Ron arrived at Hammerson at adifficult time and it was his drive and energy, more than anything else, thatput it back on a growth track. On behalf of the Board, I would like to thank himfor all he has done for Hammerson." From 1 October 2005 the Board will comprise: John Nelson - Non-executive ChairmanJohn Richards - Chief ExecutiveSimon Melliss - Group Finance DirectorJohn Bywater - Managing Director, UKPeter Cole - Managing Director, Group Investment and DevelopmentGerard Devaux - Managing Director, Continental EuropeGraham Pimlott - Deputy Chairman and Senior Independent DirectorJohn Barton - Non-Executive DirectorJohn Clare - Non-Executive DirectorDavid Edmonds - Non-Executive DirectorJohn Hirst - Non-Executive Director Further information: Ronald Spinney Tel: 020 7887 1000Chairman John Richards Tel: 020 7887 1000Chief Executive Christopher Smith Tel: 020 7887 1019Director of Corporate Affairs [email protected] NOTES TO EDITORS Ronald Spinney Ronald Spinney, aged 63, was appointed Chairman in 1999, having joined Hammersonas Chief Executive in 1993. He is Chairman of the Nomination Committee. He is aCrown Estate Commissioner, Chairman of Hanover Property Unit Trust InvestmentAdvisory Committee, Deputy Chairman of Rentokil Initial plc, a non-executivedirector of Fuller Smith & Turner plc and Homestyle Group plc and Chairman ofLondon First Centre. John Nelson John Nelson, aged 57, joined the Board on 1 May 2004 and is member of theRemuneration Committee. He is Deputy Chairman of Kingfisher plc and anon-executive director of BT Group plc. He was formerly Chairman of CreditSuisse First Boston (Europe) and Vice Chairman of Lazard Brothers, havingstarted his career with Kleinwort Benson. He is a member of the Board of EnglishNational Opera. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hammerson