2nd Sep 2005 08:30
British Land Co PLC02 September 2005 2nd September 2005 British Land Director to Retire at 2006 AGM John Weston Smith (73), Chief Operating Officer of British Land will retire atthe Company's next AGM in July 2006 and prior to then will progressively handover direct management of his existing responsibilities, much of which will beaccomplished by the end of 2005. These will be assumed by Peter Clarke (39) andTony Braine (48), currently executives of British Land. From 1st October PeterClarke will join the Executive Committee of which Tony Braine is alreadySecretary. John Weston Smith has been one of the most significant contributors to BritishLand's success over the last 34 years. He joined the Company in 1971, has beenan Executive Director since 1973 and served as Finance Director from 1989 untilbeing appointed to his current role in 2002. Stephen Hester, Chief Executive of British Land comments "It is with sadnessthat we have agreed with John his retirement plans, but characteristic of theman that the handover to our next generation of management be well planned andexecuted. He has been a great influence within the Company and we will all misshim. I look forward to working with John for several months more and thenproperly celebrating his contribution to the Company when he steps down." Enquiries: The British Land Company PLCStephen Hester, Chief Executive Tel: 020 7467 3500 FinsburyEdward Orlebar Tel: 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land