St. Modwen Props - Notice of Directorate Change
Date of issue:
("St. Modwen" or the "Company")
Notice of Directorate Change
This announcement contains inside information.
The Board will now begin the process to appoint a successor and the Company will provide an update as and when appropriate.
Commenting on the announcement,
"Whilst we will be disappointed to see Mark leave, we have achieved an enormous amount over the past three years while he has been in post. We now have a clear strategy focused on sectors with strong structural growth characteristics, an aligned and talented management team in place to deliver, plenty of financial capacity and a deep pipeline of opportunities, all of which continue to underpin our growth ambitions. I would personally like to thank Mark for everything that he has achieved over the past three years and for his support to me over the past twelve months. The Board and I wish him well in his new role."
"I am very proud of what we have achieved at St Modwen over the past three years. We have repositioned the portfolio towards stronger growth sectors and substantially reduced our exposure to more challenging sectors such as retail and
A statement required by section 430(2B) of the Companies Act 2006 will be placed on St. Modwen's website as soon as reasonably practicable following the date on which
For further information, please contact:
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0121 222 9400
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020 3727 1000
Notes to Editors:
St. Modwen is an expert developer with over 30 years of property and regeneration expertise, operating across three dedicated business units in the
Across our three business units, our highly-skilled people safeguard our principles of delivering high-quality, sustainable developments as a positive legacy for businesses and communities for years to come. We are focussed on delivering value for our customers, partners and shareholders - operating with our purpose of 'Changing Places. Creating better Futures.' throughout everything with do.
Our Strategic Land and Regeneration business focuses on promoting and master developing sites, including releasing land for house-building and commercial use, as well as delivering transformational regeneration projects such as New Covent
This information is provided by RNS, the news service of the
Quick facts: St. Modwen Properties
Market Cap: £781.66 m
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