2nd Jun 2006 11:59
Slough Estates PLC02 June 2006 SLOUGH ESTATES PLC ANNOUNCES NIGEL RICH AS CHAIRMAN DESIGNATE International property group, Slough Estates plc, is pleased to announce thatNigel Rich will be joining the Board as a non-executive director and ChairmanDesignate on 1st July 2006. He will become Chairman on 1st October 2006, atwhich point the current Chairman Paul Orchard-Lisle will retire from the Board. Paul Orchard-Lisle said: "I am delighted that Nigel Rich will be joining theBoard and that he will succeed me as Chairman of the company. It is good newsthat as Slough Estates enters the next exciting phase in its development it willbe chaired by a businessman with Nigel's breadth and depth of experience, bothin the UK and internationally." Nigel Rich said: "Slough Estates is an excellent company - it has a strongportfolio of prime assets and real growth potential - driven by its developmentpipeline and its ability to add value through the intense management of itsassets. I am very pleased to be joining the Board at this important time." In 2005 Nigel Rich stepped down from the Chairmanships of Exel and of theHamptons Group. He is currently a non-executive director of KGR Absolute ReturnPCC and of Pacific Assets Trust. Previously senior executive roles included; CEOof Trafalgar House, MD of Jardine Matheson and MD of Hongkong Land. Nigel Richis 60. -ends- For further information please contact: Slough Estates plc MaitlandMichael Waring Colin BrowneTel: 01753 213335 Tel: 0207 379 5151 Notes to editors Biographical note for Nigel Rich: Nigel Rich is an experienced and highly regarded Chairman. Until December 2005he was Chairman of Exel, the £6 billion turnover FTSE 100 company which employedover 120,000 people. He left Exel following its takeover by Deutsche Post. Hehas extensive property experience through his time at Hongkong Land andHamptons. Chairmanships: 1997 - 2005 Hamptons Group, 2002 - 2005 Exel, 2005 CP Ships, 1997 - 2000 Ocean Group. Non-executive directorships: Since 2005 - KGR AbsoluteReturn PCC, since 1997 - Pacific Assets Trust, 2001 - 2004 CP Ships, 1998-2004Granada, 1996-2003 Harvey Nichols Group, 1989-1994 Hongkong and Shanghai BankingCorp. Executive directorships: 1994-96 Trafalgar House CEO, 1989-1994 JardineMatheson MD, 1983-1988 Hongkong Land MD and FD Slough Estates International Slough Estates is the leading European provider of flexible business space andowns business parks in Europe and North America, with four million square metresof business space and over 1600 customers (as at 31 December 2005). SloughEstates' properties are in suburban locations in close proximity to the mainbusiness centres, where there is long term demand for business accommodation toserve these key economic regions. The company's main activities are currentlybased around London, Brussels, Paris, Dusseldorf, Amsterdam, San Francisco andSan Diego and the company continues to develop new business parks with the longterm objective of building shareholder value and enhancing its reputation forquality buildings offering excellent value to customers. www.sloughestates.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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