Directorate Change

RNS Number : 3674E

Grainger PLC

06 April 2011

 



6 April 2011

Grainger plc ("Grainger"/ the "Company")

Directorate Change

Grainger plc, the UK's largest quoted residential property owner, today announces the appointment of Belinda Richards to its Board as a non-executive director.  Belinda (52) brings with her a wealth of experience from advising major companies on corporate finance and M&A situations gained from a twenty year career working for major accountancy and consultancy firms. Belinda's most recent role was Global Head of Deloitte's Merger Integration and Separation Advisory Services, a division of the business that she created and built up over the last ten years. During her career, she has worked on many high profile assignments, with recent examples including Lloyds TSB's acquisition of HBOS and the separation and disposal of the banking activities of Standard Life plc.

Belinda Richards is considered independent on appointment under the provisions of the combined code.  She will become a member of the Audit Committee with immediate effect.

Belinda is currently an independent non-executive director of Friends Provident Holdings (UK).

There are no further details that are required to be disclosed in respect of the appointment under LR 9.6.13 R of the Listing Rules of the UK listing Authority.

Robin Broadhurst, Chairman of Grainger, commented:

"Belinda's experience of advising the directors of major companies on the successful execution of their business strategies will be an enormous benefit to Grainger as we implement and deliver our strategy in the coming years. I am delighted to welcome her to the Board."

-ENDS-

For further information:

Grainger plc	Financial Dynamics
Andrew Cunningham/ Mark Greenwood/  Dave Butler	Stephanie Highett/Dido Laurimore/Will Henderson
Tel: [phone] Tel: [phone]	Tel: [phone]

Grainger plc is the largest specialist residential property owner and manager traded on the London Stock Exchange. Our business activities in the UK and Germany cover ownership, trading, fund management, property management and development of residential property. Grainger is also a leading provider of retirement housing solutions, including home reversion products through Bridgewater Equity Release. We have approximately £2.1bn of wholly-owned property assets and £2.8bn of assets under management.

 

END

 

 

BOAIAMFTMBBMBIB