9th Nov 2015 10:30
INTU PROPERTIES PLC
Board Committee Changes
Intu Properties plc ("Intu") announces changes to the composition of its Audit and Remuneration committees.
New appointments are being made to the committees to provide continuity given that Neil Sachdev will not be seeking re-election at the May 2016 AGM as he will by then have served on the Board for nine years. Neil will continue to serve on the committees until then.
The appointments, which are effective from today's date, are as follows:
Audit Committee
· Rakhi Parekh has joined the Audit Committee
· The Audit Committee now comprises Adele Anderson (Chairman); Neil Sachdev; Andrew Strang and Rakhi Parekh.
Remuneration Committee
· Louise Patten has taken over from Neil Sachdev as Chairman of the Remuneration Committee
· Andrew Huntley has joined the Remuneration Committee
· The Remuneration Committee now comprises Louise Patten (Chairman); Neil Sachdev; Adele Anderson and Andrew Huntley.
ENDS
Contact:
Intu Properties plc | ||
Patrick Burgess | Chairman | +44 (0)20 7960 1263 |
David Fischel | Chief Executive | +44 (0)20 7960 1207 |
Public relations | ||
UK: | Justin Griffiths, Powerscourt | +44 (0)20 7250 1446 |
SA: | Frédéric Cornet, Instinctif Partners | +27 (0)11 447 3030 |
Notes for editors
Intu is the leading owner and manager of prime regional shopping centres in the UK.
A FTSE 100 company, Intu owns and operates many of the UK's biggest and most popular retail and leisure destinations, including nine of the top 20, incorporating super-regional centres such as intu Trafford Centre, intu Lakeside and intu Metrocentre, together with a number of city centre locations from Watford to Newcastle.
With over 23 million sq. ft. of space hosting top UK and international retailers from Apple to Zara, Intu centres attract some 400 million customer visits from over half of the UK's population every year.
Intu has a UK investment pipeline of £1.5 billion over the next ten years to add 2.6 million sq. ft. of new retail and leisure space, of which 1.7 million sq. ft. is already consented. Major projects due to be underway soon include the extension and refurbishment at intu Watford and the leisure expansion at intu Lakeside.
Intu also has a growing presence in the Spanish market, owning two of Spain's top 10 centres: intu Asturias in Oviedo, and Puerto Venecia in Zaragoza, a development site in Málaga and development options on a further three sites in Valencia, Palma and Vigo.
Intu creates a compelling experience for its customers, both on and offline, delivering on its brand promise to provide the most digitally connected shopping centres, world-class service and events with a difference. National initiatives include the annual 'Everyone's Invited' event which in 2014 increased footfall that weekend by an average of 13%. Our objective is for customers to come more often and stay for longer, in turn helping intu's retailers to flourish.
With some 115,000 people employed at Intu's centres in the UK, representing some 4% of the UK's total retail workforce, Intu is fully committed to supporting its local communities and the wider environment and is proud to have received widespread recognition for its Corporate Responsibility achievements, including the coveted BitC CommunityMark.
For further information see www.intugroup.co.uk
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