18th Sep 2006 09:25
For immediate distribution 18th September 2006 RETIREMENT OF DICK KINGSTON Slough Estates plc announces that Dick Kingston will be retiring from the Boardand the company on 31st December 2006, after 19 years of service with thecompany.Dick was appointed to the Board as Finance Director in April 1996. He stooddown from this position on 31st December 2005, but continued as an ExecutiveDirector on the main Board where his responsibilities included acting asChairman for the Continental European business during a key phase in itsstrategic development.Ian Coull, Chief Executive of Slough Estates, said:"The Board is extremely grateful to Dick for his significant contribution tothe business over so many years. Dick is warmly regarded by everyone who hasworked with him and he is renowned for his professionalism and integrity."Dick Kingston said:"It has been a great pleasure working at Slough Estates and helping to createthe company as it is today. I thank my colleagues for all their help andsupport over the years and wish them the very best as they continue to developthe company throughout this particularly exciting phase. -ends- For further information please contact:The Maitland Consultancy Colin Browne/Liz Morley Tel: 0207 379 5151 Notes to editors:Having obtained a Business Studies degree while with British Petroleum, DickKingston qualified as a chartered accountant with Whinney Murray & Co (nowErnst & Young) in London and Paris. Following five years with Hawwker Siddeleyas Head of Financial Control and Audit, he joined Slough Estates as GroupFinancial Controller in 1987. He was appointed a director in April 1996, withresponsibility for Group Finance, adding responsibility for Continental Europein 2002.Slough Estates is the leading European provider of flexible business space andowns business parks in Europe and North America, with property assets of ‚£5.6bn, with over four million square metres of business space and over 1,700customers - all as at 30 June 2006. SEI has an annual rent roll of ‚£289m andthe weighted average unexpired lease length is 11.9 years. Flexible business isspace on industrial sites or business parks which is put to multiple uses, suchas manufacturing, light assembly, distribution (both "small" and "big-box"),research and development, offices and warehousing. Slough Estates' propertiesare in suburban locations in close proximity to the main business centres,where there is long term demand for business accommodation to serve these keyeconomic regions. The company continues to develop new business parks with thelong term objective of building shareholder value and enhancing its reputationfor quality buildings offering excellent value to customers. www.sloughestates.comENDSLOUGH ESTATES PLCRelated Shares:
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