10th May 2010 07:00
10 May 2010
CAPITAL SHOPPING CENTRES GROUP PLC
APPOINTMENT OF FINANCE DIRECTOR
The board of directors of Capital Shopping Centres Group PLC is pleased to announce the appointment of Matthew Roberts as Finance Director to succeed Ian Durant who is now Chairman of Capital & Counties Properties PLC.
Matthew Roberts is expected to join the Group on 17 May 2010 and to be formally appointed to the board on 3 June 2010. Ian Durant will step down from his role as Finance Director of Capital Shopping Centres Group PLC (formerly Liberty International PLC) on 17 May in accordance with the intention outlined in Liberty International PLC's 9 March announcement concerning its demerger of Capital & Counties Properties PLC and renaming as Capital Shopping Centres Group PLC.
Matthew Roberts (aged 46) is a Fellow of the Institute of Chartered Accountants in England and Wales. As Finance Director of Debenhams plc from 1996 to 2003, Matthew managed its 1998 IPO and, amongst other responsibilities, ran its international business and property function. From 2004 to 2008, as Chief Financial Officer of Gala, subsequently Gala Coral Group Ltd, Matthew led a number of acquisitions and fundraisings including the creation of a £3 billion debt package following the acquisition of Coral. These transactions created the UK's largest private equity-owned business of the time.
The Chairman of Capital Shopping Centres Group PLC, Patrick Burgess said today: "I am delighted to be able to announce the appointment of Matthew Roberts to the board of Capital Shopping Centres. Matthew is a high calibre finance professional with a wide range of relevant experience at substantial companies in the retail and leisure sectors. I am sure that he will make a positive contribution to Capital Shopping Centres' development.
I would also like to thank Ian Durant very much for his services to Liberty International and Capital Shopping Centres in the period since he joined us in March 2008 and I wish him every success in his new role as Chairman of Capital and Counties Properties PLC."
Enquiries:
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Liberty International PLC: |
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David Fischel |
Chief Executive |
+44 (0)20 7960 1207 |
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Susan Folger |
Company Secretary |
+44 (0)20 7887 7004 |
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Kate Bowyer |
Investor Relations |
+44 (0)20 7960 1250 |
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Public relations: |
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UK: |
Michael Sandler, Hudson Sandler |
+44 (0)20 7796 4133 |
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SA: |
Nicholas Williams, College Hill |
+27 (0)11 447 3030 |
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Notes to editors:
Background on Capital Shopping Centres Group PLC
Liberty International PLC was renamed CAPITAL SHOPPING CENTRES GROUP PLC on 7 May 2010 upon the demerger of its central London business into a separate listed company, Capital & Counties.
Capital Shopping Centres Group PLC is one of the UK's largest listed property companies, a real estate investment trust (REIT) and a constituent of the FTSE-100 Index of the UK's leading listed companies. It is the leading UK shopping centre business with focus on prime assets including Lakeside, Thurrock; MetroCentre, Gateshead; Braehead, Glasgow; The Harlequin, Watford; and The Arndale, Manchester.
·; 13 UK shopping centres including 9 of the top 30;
·; £4.5 billion UK asset value at 31 December 2009;
·; 13.8 million sq. ft. of UK retail space;
·; Over 2000 retail units; and
·; Half of the UK population live within a 45 minute drive of a CSC centre.
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