Evolution of Executive Directors' Responsibilities

RNS Number : 9643F

Capital & Counties Properties Plc

26 February 2015

 



PRESS RELEASE

26 February 2015

EVOLUTION OF EXECUTIVE DIRECTORS' RESPONSIBILITIES

As noted in today's 2014 Annual Results press release, Capital & Counties Properties PLC ("Capco") announces changes to the responsibilities of the Investment Director and Finance Director.

Both Directors will continue to report to Ian Hawksworth, who leads Capco as Chief Executive.

Gary Yardley will become Managing Director & Chief Investment Officer assuming Board-level oversight for the investment performance of Earls Court, Olympia, major acquisitions across the company and new business.

Soumen Das will become Managing Director & Chief Financial Officer, assuming Board-level oversight for the investment performance of Covent Garden.

These changes will become effective on 1 March 2015.

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Enquiries

Capital & Counties Properties PLC:

Ruth Pavey

Company Secretary

[phone]

About Capital & Counties Properties PLC (Capco):

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates are valued at £3.0 billion (as at 31 December 2014): Covent Garden, which has assets valued at £1.6 billion including the historic Market Building; and Earls Court Properties including the Empress State Building together with the Venues business with aggregate property assets of £1.4 billion. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange. 

www.capitalandcounties.com 

 

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