DLN Derwent London Plc

 

TIDMDLN 
 
RNS Number : 8978Z 
Derwent London PLC 
30 September 2009 
 

 
 
30 September, 2009 
 
 
DERWENT LONDON PLC ("Derwent London" / "Company") 
 
 
Chris Odom is to retire on 1st February 2010 as Finance Director of Derwent 
London plc. He will be succeeded by Damian Wisniewski. 
 
 
Derwent London today announces that Chris Odom, Finance Director, will retire on 
the 1st February 2010.  He will be succeeded on that date by Damian Wisniewski 
(age 48) who was previously Finance Director at Treveria Asset Management. 
 
 
Chris Odom has been Finance Director of Derwent London for almost 22 years. He 
will continue as an employee of Derwent London for a short period until the 
Annual General Meeting in May 2010 to deal with transitional issues and to 
ensure a smooth handover. 
 
 
Damian Wisniewski joins Derwent London from Treveria Asset Management where he 
was Finance Director. He joined Treveria's previous asset manager, Dawnay Day 
Treveria Real Estate Asset Management, in March 2008.  Prior to that, Damian 
served as Chief Operating Officer of the Wood Wharf Limited Partnership (2005 to 
2008) having spent 13 years at Chelsfield plc initially as head of finance and 
from 2003 as Group Finance Director. Damian held prior roles at Stanhope 
Properties plc and Stockley Park Consortium Limited. He qualified as a chartered 
accountant with Ernst & Young in 1986. 
 
 
Robert Rayne, Chairman of Derwent London, said: 
 
 
"We are delighted that Damian is joining us as our new Finance Director. 
Damian's considerable experience of the sector and proven operational focus will 
help ensure Derwent London continues its track record of delivering superior 
shareholder value across the cycle. 
 
 
On behalf of the Board and his colleagues at Derwent London, I should like to 
thank Chris for the huge contribution he has made to the group over the past 22 
years. Chris' insight and sound commercial sense have been instrumental in 
transforming Derwent London from a relatively small property company into the 
largest central London focussed Real Estate Investment Trust. He leaves Derwent 
London with a robust balance sheet and in a strong position to deliver future 
growth. 
 
 
We all wish Chris the very best for his well deserved retirement." 
 
 
For further information please contact: 
 
 
+--------------------------------------------+---------------------------+ 
| John Burns, Chief Executive, Derwent       | Tel 020 7659 3000         | 
| London:                                    |                           | 
+--------------------------------------------+---------------------------+ 
| Kate Holgate, James Rossiter, Brunswick    | Tel 020 7404 5959         | 
| Group:                                     |                           | 
+--------------------------------------------+---------------------------+ 
 
 
 
 
ENDS 
 
 
Notes to editors: 
 
 
Derwent London plc 
 
 
Derwent London plc is the largest central London focussed REIT with an 
investment portfolio of GBP1.8 billion as at 30 June 2009. The group is one of 
London's most innovative office specialist property regenerators and investors 
and is well known for its established design-led philosophy and creative 
management approach to development. In April, Derwent London was awarded the 
Property Week Property Company of the Year 2009. 
 
 
Derwent London's core strategy is to acquire and own a portfolio of central 
London property that has reversionary rents and significant opportunities to 
enhance and extract value through refurbishment and redevelopment. The group 
owns and manages an investment portfolio, of which 94% (at 30 June 2009), is 
located in central London, with a specific focus on the West End and the areas 
bordering the City of London. Landmark schemes by Derwent London include: Qube 
W1, Horseferry House SW1, Johnson Building EC1, Davidson Building WC2 and Tea 
Building E1. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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