AEW UK REIT PLC Board Changes (8349M)
September 19 2023 - 2:00AM
UK Regulatory
TIDMAEWU
RNS Number : 8349M
AEW UK REIT PLC
19 September 2023
19 September 2023
AEW UK REIT plc
("AEWU" or the "Company")
Board Changes
Appointment of Non-Executive Directors/Audit Committee
Chairman
The Board of AEWU is pleased to announce the appointments of Mr
Robin Archibald and Mrs Liz Peace as independent Non-Executive
Directors ("NEDs") of the Company with effect from 1 October 2023.
As part of an orderly succession planning, Robin will be appointed
as Chairman of the Board upon Mr Mark Burton's retirement at the
2024 AGM.
Robin was formerly Head of Corporate Finance and Broking at
Winterflood Investment Trusts until April 2014 when he retired from
his executive roles. He qualified as a Chartered Accountant in 1983
and subsequently worked as a Corporate Financier with Samuel
Montagu, SG Warburg Securities, NatWest Wood Mackenzie and as
partner in corporate finance with a Scottish accounting firm and
its successor corporate finance boutique.
Robin has concentrated for much of his career on advising and
managing transactions in the UK closed-ended funds sector. He was
Chairman of Albion Technology Venture Capital Trust and a former
Audit Chairman and Senior Independent Director of Ediston Property
Investment Trust, roles he retired from in the first half of 2023.
Robin is currently Audit Chairman and Senior Independent Director
of Capital Gearing Trust, Shires Income Trust and Henderson
European Focus Trust.
Liz has worked in both the public and private sectors. She spent
her early career in Government in the Ministry of Defence,
eventually becoming a key player in the creation of QinetiQ plc in
2001. She then moved into the private sector, becoming Chief
Executive of the British Property Federation where she played a
significant role in the creation of the UK's Real Estate Investment
Trust (REIT) structure. She was awarded a CBE in 2008 for services
to the property industry.
Liz now has a non-executive portfolio career primarily focused
on real estate including NED roles at Howard de Walden Estates,
Greencore Homes and the Connected Places Catapult. She is Chair of
the GLA's Old Oak and Park Royal Development Corporation and of the
University of Cambridge Property Board. She is also Chair of the
Churches Conservation Trust, a secular organisation looking after
358 redundant Church of England churches, and of Real Estate
Balance, a campaigning organisation working to improve diversity
and inclusion in the real estate industry.
Mrs Peace was previously a Director of RPS Group plc, RDI REIT
plc, Morgan Sindall Group plc and Redrow plc.
Audit Committee Chairman
Mr Sandhu will retire from the Board and as Audit Committee
Chairman on 30 September 2023 having reached near the end of his
nine-year tenure as Director. As first announced on 10 November
2022, Mr Kirkland was appointed as Chairman designate of the Audit
Committee and, as part of an orderly succession planning, will
succeed Mr Sandhu as Audit Committee Chairman on the same date.
Mark Burton, Chairman of the Company, commented on the
appointments and retirement:
"I am delighted that Robin and Liz are joining the Board and I
am confident that their experience and range of skills will
complement and further strengthen the existing Board for many years
to come. Both of their extensive knowledge and experience in
investment companies will be of great benefit to us. I look forward
to working closely with Robin to ensure a smooth handover until he
succeeds me as Chairman in September 2024.
On behalf of the Board, I thank Mr Sandhu for his invaluable
contribution over his tenure and wish him well for his future
endeavours."
There are no further items requiring disclosure under Listing
Rule 9.6.13 regarding Mr Robin Archibald's and Mrs Liz Peace's
appointment.
For further information, please contact:
Link Company Matters Limited
Company Secretary
Telephone - 07548 773 155
LEI: 21380073LDXHV2LP5K50
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAGPUGGBUPWGBR
(END) Dow Jones Newswires
September 19, 2023 02:00 ET (06:00 GMT)
Aew Uk Reit (LSE:AEWU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Aew Uk Reit (LSE:AEWU)
Historical Stock Chart
From Jul 2023 to Jul 2024