10th Mar 2008 10:26
Capital & Regional plc10 March 2008 CAPITAL & REGIONAL NAMES HUGH SCOTT-BARRETT AS NEW CHIEF EXECUTIVE Capital & Regional plc, the co-investing property asset manager, today announcesa change of Chief Executive, to take effect from 1 April 2008. Hugh Scott-Barrett, who was a member of the management board of ABN AMRO from2000 to 2007, most recently as chief financial officer, will take over the rolefrom Martin Barber, who has been Chief Executive since the company's founding. This follows the company's announcement in December 2007 that Martin Barber hadindicated his intention to retire and that a process of selecting a successorwould begin. "Hugh Scott-Barrett's deep experience in both investment banking and themanagement of a major financial institution has given Capital & Regional theopportunity to put in place the ideal leadership for the future", said TomChandos, the chairman. "Martin Barber has made an extraordinary contribution tothe Company over the last thirty years and the board is very pleased to havebeen able to ensure such a strong succession to him." Hugh Scott-Barrett added: "I am excited to have this opportunity to lead anentrepreneurial and dedicated management team and to take the Company, with allits strengths, into a renewed phase of value creation." - ENDS - For further information: Capital & Regional:Tom Chandos, Chairman Tel. 020 7932 8011 MaitlandMartin Leeburn Tel: 020 7379 5151Emma Burdett Tel: 020 7379 5151 Notes to editors: About Capital & Regional plc Capital & Regional is the co-investing asset manager which specialises in towncentre shopping centres, out of town retail parks, and urban entertainmentcomplexes. Capital & Regional founded the Mall and Junction Funds in conjunction withMorley Fund Management. It also founded the X-Leisure fund with HermesInvestment Management Limited, and has a number of other joint ventures anddevelopments. Its shares are quoted on the London Stock Exchange. For further information see www.capreg.com Hugh Scott-Barrett was Chief Financial Officer of ABN AMRO from January 2006 toAugust 2007, having been Chief Operating Officer from November 2003 to January2006. He had been appointed to the Managing Board of ABN AMRO in June 2000 inthe role of co-head of corporate and wholesale banking. While Hugh was COO andCFO, he was responsible for all of ABN AMRO's own property, with transactionsworth over €3 billion in 2005 and 2006 being completed as part of the capitalmanagement and space efficiency programmes. He joined ABN AMRO in 1996 as Head of Corporate Finance in Europe beforebecoming Global Head of Mergers & Acquisitions. He started his career in 1980 inthe Corporate Finance Department at Kleinwort Benson. In 1984 he joined SwissBank Corporation (SBC), becoming Deputy Chief Executive of SBC's Europeanactivities in 1994 and subsequently Managing Director Corporate Finance of SBCWarburg. He was educated at the Universite de Paris, Sorbonne, France, and MertonCollege, Oxford, UK. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capital & Regional