St. Modwen Props - Appointment of Chief Executive Officer
Date of issue: 29
This announcement contains inside information
ST. MODWEN PROPERTIES PLC
("St. Modwen" or "the Company")
Appointment of Chief Executive Officer
St. Modwen is delighted to announce the appointment of Sarwjit Sambhi as Chief Executive Officer with effect from
Danuta Gray, Chair of St. Modwen, commented:
"Sarwjit's breadth of experience and proven leadership capability in a large and complex organisation strongly positions him to deliver St Modwen's stated strategy. The board believes he is a great fit for St. Modwen and well qualified to lead the business and develop the Company for further success, creating value for all our stakeholders.
"I'd also like to take this opportunity to thank Rob Hudson for his strong leadership as Interim Chief Executive over the past six months, during what has been a very challenging period. Despite this, the Company has remained resilient operationally and performed strongly."
Sarwjit Sambhi commented:
"I am proud to be joining St. Modwen. It is a strong business with considerable opportunities to leave a lasting legacy by creating homes, establishing new communities and delivering high-quality industrial and logistics spaces. I am looking forward to getting to the know the business, its committed people and the many different stakeholders for whom and with whom the business will thrive."
There is no further information that is required to be disclosed under paragraph 9.6.13R of the Listing Rules of the Financial Conduct Authority.
- ENDS -
St. Modwen Properties PLC
Tom Gough, Head of External Communications and Stakeholder Relations
Tel: 0121 222 9400
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Tel: 020 3727 1000
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The person responsible for arranging the release of this information on behalf of the Company by Andrew Eames, General Counsel and Company Secretary.
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