British Land appoints David
Walker as Chief Financial Officer
23 October 2024
The Board of The British Land Company plc ("British Land") is
pleased to announce that after a comprehensive search and review of
internal and external candidates it has appointed David Walker as
Chief Financial Officer ("CFO").
David will join the Board as an Executive Director and become CFO
of British Land with effect from 20 November 2024 at which point
Bhavesh Mistry will step down from the Board and as CFO.
David has been Chief Operating Officer and an Executive Committee
member at British Land since 2021. He was previously Head of
Investor Relations and served as Interim CFO of British Land from
November 2020 to July 2021.
David joined British Land in 2017. He qualified as a Chartered
Accountant with PwC, before spending over seven years in various
roles within the Corporate Finance division at Deutsche Bank. After
that, he worked for over 10 years in investor relations, strategy,
finance and corporate development roles within UK listed
businesses. Until 2023, David was Chair of the UK Investor
Relations Society, having served on their Board since
2012.
Simon Carter, Chief Executive Officer at British
Land, said: "I am delighted David will be joining the
Board as CFO. He has delivered significant value and
efficiencies as our Chief Operating Officer and is ideally placed
to bring his experience to again lead our expert finance team as we
capitalise on the strong momentum in the business".
David Walker, incoming Chief Financial Officer
said: "It's a privilege to join British Land's Board and become CFO
at such an important and exciting time for our business. I will be
relentlessly focussed on ensuring British Land is in the best place
to take full advantage of the many opportunities we see in our
markets."
There are no matters that require disclosure under 6.4.8R of the UK
Listing Rules.
-ENDS-
Investors
Sandra Moura
07989755535
Media
Charlotte Whitley
07887802535
David Walker's annual remuneration arrangements will
include:
Annual salary of £490,000; Provisions relating to bonus
opportunity, bonus deferral and long-term incentive plan are in
accordance with British Land's remuneration policy as approved by
shareholders at the Annual General Meeting in July 2022; a cash
allowance in lieu of pension equal to 15% of base salary, in
accordance with British Land's remuneration policy and aligned with
the majority of the wider workforce.
Full details will be included in the next Annual Report and
Accounts.
About British Land
British Land is a UK commercial property company focused on real
estate sectors with the strongest operational fundamentals: London
campuses, retail parks, and London urban logistics. We own or
manage a portfolio valued at £13.0bn (British Land share: £8.7bn)
as at 31 March 2024.
Our purpose is to create and manage Places People Prefer -
outstanding places that deliver positive outcomes for all our
stakeholders on a long term, sustainable basis. We do this by
leveraging our best in class platform and proven expertise in
development, repositioning and active asset management.
We have both a responsibility and an opportunity to manage our
business in an environmentally and socially responsible manner. Our
approach to sustainability is focused on three pillars: Greener
Spaces, Thriving Places and Responsible Choices. Read more about us
at www.britishland.com.