Directorate Change

RNS Number : 0594I

SEGRO PLC

04 March 2010

 



NEW APPOINTMENTS TO THE BOARD OF SEGRO

SEGRO, Europe's leading provider of flexible business space, is pleased to announce the appointment of Doug Webb and Mark Robertshaw as Non-Executive Directors.

Lord Blackwell and Stephen Howard will be retiring from the Board at the Company's AGM on 29 April 2010 following nine years of service and in line with corporate governance best practice.

Doug Webb

Doug has been Chief Financial Officer of the London Stock Exchange Group plc since June 2008. He was previously Chief Financial Officer of QinetiQ Group plc and spent twelve years at Price Waterhouse, latterly as a Senior Manager in Audit and Business Advisory Services. Doug has been appointed Chairman of the Audit Committee. He succeeds Andrew Palmer, who will remain on the Audit Committee. Doug's appointment is effective from 1 May 2010.

Mark Robertshaw

Mark has been Chief Executive Officer of The Morgan Crucible Company plc since August 2006, having joined the company in 2004 as Chief Financial Officer. Previously he was Chief Financial Officer of Gartmore Investment Management plc. Mark's appointment is effective from 1 June 2010.

Following SEGRO's AGM on 29 April, Andrew Palmer will succeed Lord Blackwell as the Senior Independent Director and Chris Peacock will become Chairman of the Remuneration Committee, succeeding Stephen Howard.

Commenting on the appointments of the Non-Executive Directors, Nigel Rich, Chairman of SEGRO said: "Lord Blackwell and Stephen Howard have made a major contribution to the Board over the past nine years, helping the Company through significant change and growth. I thank them for their wisdom, guidance and friendship.

"We are delighted to welcome Doug and Mark to the Board. Both bring a wealth of experience from their respective careers and I look forward to working with them in the years ahead."

For further information please contact:

SEGRO	[phone]	Eleanor Johnson
Maitland	[phone]	Liz Morley

About SEGRO

SEGRO is Europe's leading provider of flexible business space, operating from a network of offices across 10 countries. The Group is a Real Estate Investment Trust  (REIT), listed on the London Stock Exchange and Euronext Paris.  SEGRO's portfolio comprises £5.3 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorways intersections.  The Group serves over 1,900 customers spread across many geographic and different industry sectors.  It has 5.9 million sq m of built space and a passing rent roll of £344 million as at 31 December 2009.  For more information: www.SEGRO.com

Doug Webb

Doug was appointed to the Board of the London Stock Exchange Group in June 2008 as Chief Financial Officer. He was previously at QinetiQ from 2003 to 2008, becoming Chief Financial Officer in 2005. Prior to joining QinetiQ, Doug was Chief Financial Officer and Chief Operating Officer, North America and then Finance Director, Continental Europe at Logica plc from 1994 to 2003 and at Price Waterhouse from 1982 to 1994, latterly as a Senior Manager in Audit and Business Advisory Services.

Mark Robertshaw

Mark has been Chief Executive Officer of the Morgan Crucible Company plc since August 2006, having joined the Board in October 2004 as Chief Financial Officer. Before joining Morgan Crucible, Mark was Chief Financial Officer of Gartmore Investment Management plc. He joined the Board of Gartmore in 2000 and led an overhaul of corporate strategy to refocus the business on high-margin, high-growth opportunities. Prior to Gartmore, Mark spent nine years with Marakon Associates, a leading management consultancy. Mark is also a Non-Executive Director of Rathbone Brothers plc.

There is no other information required to be disclosed pursuant to LR 9.6.13R in respect of either Doug Webb or Mark Robertshaw.

 

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