5th Aug 2005 07:00
Land Securities Group Plc05 August 2005 5 August 2005 LAND SECURITIES GROUP PLC ("Land Securities" / "the Group") Appointment of New Group Finance Director Land Securities announces that Martin Greenslade (40) will be joining the Groupon 1 September 2005 as Group Finance Director. Previously Martin was FinanceDirector of Alvis Plc, a leading European manufacturer of military vehicles,which was acquired by BAE Systems in August 2004. Martin left Alvis earlierthis year having successfully assisted BAE Systems with the integration of theAlvis business. As Finance Director at Alvis, Martin oversaw a greater than threefold increasein its market capitalisation over four years, significant growth in sales andearnings and its acquisition of Vickers Defence. At the same time he introducedimprovements to its debt structure, enhanced its investor relations programmeand implemented internal control and corporate governance initiatives. Commenting on the appointment, Peter Birch, Chairman of Land Securities, said,"We are delighted that Martin has agreed to join Land Securities bringing withhim an entrepreneurial background, a successful track record as finance directorof Alvis and a skill set which is highly complementary to the existingmanagement team." Martin Greenslade added, "I am excited about joining the leading UK propertycompany to work with a highly experienced team which has an excellent reputationfor delivering results." Martin qualified as a Chartered Accountant at Coopers & Lybrand and joinedEnskilda Securities in 1992. Later that year, Martin helped found Maizels,Westerberg & Co, an independent corporate finance advisory firm. Over sevenyears, Maizels became one of the leading independent M&A firms for the NordicRegion, advising on over £10bn worth of M&A and debt financing transactions. In1999, Maizels was acquired by Nordea, at which time Martin joined the ExecutiveCommittee of Nordea's investment banking division and was appointed ManagingDirector of its UK business. Martin left Nordea to join Alvis as its FinanceDirector in 2000. - Ends - For further information: Land SecuritiesFrancis Salway/Emma Denne020 7413 9000 Financial DynamicsStephanie Highett/Dido Laurimore020 7831 3113 Note to Editors Land Securities is a FTSE100 company, quoted on the London Stock Exchange. Ithas been at the forefront of the UK's commercial property industry for over 60years. Today, the Group maintains its market leading position as the UK'slargest quoted property company by providing commercial accommodation andproperty services to a wide range of occupiers. The Group's objective is tocreate attractive, sustainable returns for its shareholders through a strategyof investing in commercial property in markets and activities where it hasexpertise and operational skills, where it can benefit from its risk managementskills and the active recycling of capital. Land Securities holds a market leading position in three areas of the UKcommercial property market: • Retail property, • London offices and • Property outsourcing. Its £10 billion combined investment portfolio includes over 10 million sq feetof office and retail space in Central London and 28 shopping centres and 30retail parks located across the UK. It has a substantial development programme with a number of development projectsincluding major retail-led urban regeneration schemes and Central Londonmixed-use developments. The Group is also masterplanning one of Europe'slargest regeneration schemes in Kent Thameside. The Group leads the market in property outsourcing where, through LandSecurities Trillium, it provides accommodation and property-related services tothe Department for Work and Pensions, the BBC, Norwich Union, Barclays Bank,DVLA and through a joint venture, Telereal, to BT. The Group is committed to environmental initiatives and community involvementrecognised by the Group's inclusion in the BiTC Corporate Responsibility Index,FTSE4Good Index and the Dow Jones Sustainability Index. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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