7th Feb 2005 14:31
7 February 2005LIBERTY INTERNATIONAL PLCAPPOINTMENT OF DIRECTORSLiberty International PLC ("Liberty International") today announces the Boardappointment of two executive directors, Kay Chaldecott and Richard Cable, andtwo non-executive directors, Sir Robert Finch and Ian Henderson.Kay Chaldecott and Richard Cable have 20 and 17 years experience with the groupand are respectively asset management director and development director ofCapital Shopping Centres ("CSC"), having been appointed to the CSC Board in2000. They have spent their working careers with the group, are both steeped inthe regional shopping centre industry and have an enormous contribution to makeas executive directors to the group's continued expansion.Sir Robert Finch is the immediate past Lord Mayor of London and former head ofthe property department at leading City law firm, Linklaters, where he remainsa partner.Ian Henderson, CBE, is the former chief executive of the UK's largest propertycompany, Land Securities Group PLC.Donald Gordon, Chairman, commented: "We are delighted to be able to announcesimultaneously both a significant strengthening of our executive managementteam under David Fischel, Chief Executive, and the addition to our Board asnon-executives of two such respected practitioners in the UK property industryas Sir Robert Finch and Ian Henderson, who bring vast expertise and broadunderstanding of the property industry, its participants and the wider City ofLondon.My intention remains to retire as Chairman at the end of June 2005 when I reachmy 75th birthday but I look forward to continuing my association with thecompany, in which my family has a substantial 22 per cent shareholding, as theBoard has invited me to accept the appointment of President for Life on myretirement and to act in an advisory capacity. We anticipate announcing mysuccessor as Chairman in the second quarter of 2005, sufficiently far inadvance of my retirement to ensure an orderly handover."Sir Robert Finch has an interest in 5,712 ordinary shares of LibertyInternational PLC. Kay Chaldecott has an interest in 2,375 ordinary shares ofLiberty International PLC. In addition, a total of 17,189 shares are held onher behalf under the Company's employee share schemes, and she also hasoutstanding options over 199,141 ordinary shares. A total of 17,034 shares areheld on behalf of Richard Cable under the Company's employee share schemes, andhe has outstanding options over 199,141 ordinary shares.There is no additional information regarding any of the four new directorswhich falls to be disclosed under the UKLA Listing Rules.Additional biographical details on the four directors and details of thecomposition of Liberty International's Board are attached to this pressrelease.Enquiries Liberty International PLC David Fischel Chief Executive +44 (0)20 7960 1207 Public Relations: UK: Michael Sandler Hudson Sandler +44 (0)20 7796 4133 SA: Matthew Gregorowski (UK) College Hill Associates +44 (0)20 7457 2020 Nicholas Williams (SA) College Hill Associates +27 (0)11 447 3030 Further InformationBiographical details of the four directorsKay Chaldecott, MRICS, (42) is the director responsible for asset management ofthe nine shopping centres in Capital Shopping Centres' portfolio. Kay has anin-depth knowledge of the shopping centre industry. She joined Capital &Counties in 1984, transferring to Capital Shopping Centres on flotation in1994. She initially had responsibility for the centres in the south east ofEngland, but in 2000 became a director of Capital Shopping Centres and tookoverall responsibility for the management and letting of the whole portfolio.She has had an input into the development and refurbishment of many of thecompany's schemes, including the development of the most recently openedcentre, The Chimes, Uxbridge, and refurbishment of our flagship centreLakeside.Richard Cable, MRICS, (45) joined the group in 1988 and was appointed adirector of Capital Shopping Centres in 2000. He is responsible for thecompany's extensive development programme which includes proposals for Cardiff,Oxford and Norwich as well as Braehead Phase 2, and led the recentlysuccessfully completed New Red Mall at MetroCentre. Richard is also a boardmember of the British Council of Shopping Centres.Sir Robert Finch (60) qualified as a solicitor in 1969 when he joinedLinklaters and was elected a partner in 1974 and head of Real Estate in 1997until he stepped down to assume civic appointment (ending in November 2004). Hewas elected Alderman of the City of London in 1992, Sheriff in 1999 and servedas Lord Mayor of London in 2003/4. Amongst other positions, he was appointed aChurch Commissioner in 2000. He was appointed Knight Bachelor in the New Year'sHonours List 2004/5 for services to the City of London.Ian Henderson CBE (61) was Chief Executive of Land Securities Group PLC fromDecember 1997 until July 2004, having joined the company in 1971 and beenappointed to the Board in 1987. He has been widely involved in industrymatters, including being a Past President of the British Property Federation,and, amongst other appointments, is Vice-Chairman of the Board of Management ofCentral and Cecil Housing Trust.Liberty International Board CompositionFollowing these appointments, Liberty International's Board, which is chairedby Donald Gordon, has 6 executive directors, David Fischel (Chief Executive),Aidan Smith (Finance Director), John Abel (Managing Director, CSC), JohnSaggers (Managing Director, Capital & Counties), Kay Chaldecott and RichardCable, and 9 non-executives, David Bramson, Robin Buchanan, Patrick Burgess,Sir Robert Finch, Graeme Gordon, Ian Henderson, Lesley James, Michael Rapp andRob Rowley.This announcement includes statements that are forward-looking in nature.Forward-looking statements involve known and unknown risks, uncertainties andother factors which may cause the actual results, performance or achievementsof Liberty International PLC to be materially different from any futureresults, performance or achievements expressed or implied by suchforward-looking statements. Any information contained in this announcement onthe price at which shares or other securities in Liberty International PLC havebeen bought or sold in the past, or on the yield on such shares or othersecurities, should not be relied upon as a guide to future performance.ENDRelated Shares:
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