Directorate Change

RNS Number : 5850K

Capital & Regional plc

22 April 2010

 

22 April 2010

                                                 CAPITAL & REGIONAL PLC :

                       RETIREMENT OF CHAIRMAN AND NON-EXECUTIVE DIRECTOR

Capital & Regional plc, the co-investing property asset manager, announces that Tom Chandos will step down as Chairman and from the Board at the conclusion of this year's Annual General Meeting on 28^th June. He joined the Board in April 1993 and became Chairman in September 2000.


Tom Chandos said:
"Following last year's successful refinancing of the Company and the previous appointment of Hugh Scott Barrett as Chief Executive, this is the right time for me to hand over the chairmanship.
My sadness at leaving the Company's Board will be mitigated by knowing that my successor will inherit an exceptional management platform, a strengthened balance sheet and a number of first class partners, which together provide excellent prospects for the Company."

Hugh Scott-Barrett said:

"I would like to thank Tom for his very valuable leadership and counsel over the last two years. His support has greatly helped me and the management team as we have taken steps to place the Company on a sound financial footing."

Alan Coppin has also decided to step down as a non-executive director at the end of September of this year, when he will have completed six years on the board.

Tom Chandos said:

"I would like to thank Alan for his significant contribution and support over the past six years and wish him the best with his varied portfolio of other interests."

An announcement on Tom Chandos' successor and on the appointment of new non-executive directors will be made prior to the Annual General Meeting.

-     ENDS -

For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive                                    Tel: [phone]

Maitland:

Martin Leeburn                                                                  Tel: [phone]

Emma Burdett                                                                   Tel: [phone]

 

END

 

 

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