29th Dec 2006 09:00
Land Securities Group Plc29 December 2006 29 December 2006 LAND SECURITIES GROUP PLC ("Land Securities") CHAIRMAN STEPS DOWN Land Securities announces that Peter Birch (69), non-executive Chairman, will bestepping down from the Board and as Chair on 1 January, 2007, following a highlysuccessful nine years with the Group. Commenting, Francis Salway, Chief Executive said "Peter made a tremendous contribution to the Group as Chairman, working with theexecutive management team to transform the Group from a diversified investmentand development company into a highly focused, modern, commercial propertycompany. Peter's influence on the strategic direction of the Group has beeninvaluable and his vision has resulted in sustained value creation forshareholders. Together with my fellow Board Directors and colleagues across theGroup, I would like to thank him for his wise counsel, enthusiasm and boundlessenergy. We wish him well." Peter Birch added: "It has given me enormous satisfaction to see Land Securities achieve so muchover the past few years, during which time its has reaffirmed its market leadingposition in the UK quoted property sector. It has been a great honour to leadthe company during this period of sustained change and I would like to wish mycolleagues continued success in the future." Paul Myners (58), former Chairman of Marks and Spencer Group PLC, who joined theBoard in September 2006 will become non-executive Chairman on 1 January 2007. - ends - For further information, please contact: Emma DenneLand Securities Group PLCTel: +44 (0)20 7024 5460 Stephanie HighettFinancial DynamicsTel: +44 (0)20 7831 3113 NOTES TO EDITORS Peter Birch Peter Birch was appointed a director of Land Securities in 1997 and Chairman inJuly 1998. Peter was Chief Executive of Abbey National plc from 1984 untilMarch 1998. He is currently Chairman of Kensington Group plc and holdsnon-executive Directorships at NM Rothschild & Sons Limited, Dah Sing FinancialHoldings Limited, Travelex plc and Sainsbury's Bank. Paul Myners Paul Myners recently retired as Chairman of Marks and Spencer prior to which heran the fund manager Gartmore for 15 years. He is currently a member of theCourt of Directors of the Bank of England, Chairman of Guardian Media Group plcand of Tate. He is a non-executive director of the Bank of New York and atrustee of Glyndebourne and the Smith Institute. Paul has also been responsible for compiling influential reports oninstitutional investment for H.M. Treasury. Land Securities Group PLC Land Securities is a FTSE 100 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's largestquoted property company by providing commercial accommodation and propertyservices to a wide range of occupiers, owning and managing 6.5 million sq m ofproperty across the UK. The Group's objective is to create attractive and sustainable returns for itsshareholders through its activities, which include property investment,development and property outsourcing. Land Securities holds a market leading position in three areas of the UKcommercial property market: • Retail, • London offices and • Property outsourcing. The £14.4 billion investment portfolio includes office and retail space inCentral London, 30 shopping centres, 30 retail parks and 10 supermarketproperties located across the UK. It has a substantial development programme including major retail-led urbanregeneration schemes and Central London mixed-use developments. The Group isalso masterplanning one of Europe's largest regeneration schemes in KentThameside. 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, Norwich Union, Barclays Bank, DVLA andthrough Telereal to BT. The Group is committed to environmental initiatives and community involvementrecognised by the Group's inclusion in the FTSE4Good Index and the Dow JonesSustainability Index and the awarding of a 'Big Tick' by BiTC. For more information on Land Securities visit www.landsecurities.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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