Ground Rents Income Fund PLC Board Changes (5239O)
February 10 2021 - 2:00AM
UK Regulatory
TIDMGRIO
RNS Number : 5239O
Ground Rents Income Fund PLC
10 February 2021
Ground Rents Income Fund plc (the "Company")
Board Changes
The Board is pleased to announce the appointment of Barry
Gilbertson as an Independent Non-executive Director with effect
from 10 February 2021.
Barry is a consultant with a focus on real estate, strategy and
risk, having more than 45 years' experience advising on property,
including as an adviser to the Bank of England and as President of
the Royal Institution of Chartered Surveyors. Barry is a former
partner in PricewaterhouseCoopers (formerly Coopers & Lybrand)
and former non-executive consultant to Knight Frank LLP. He has
held advisory appointments with the United Nations and with the UK
Government.
Barry was recently appointed as Executive Chairman of Custodian
Capital Limited, a subsidiary of Mattioli Woods plc, on 4 January
2021. His previous public company independent non-executive
directorships include Custodian REIT, Granite REIT and RONA
Incorporated. Barry has chaired or served on various committees in
these companies, including Audit (and Risk), Governance,
Nominations, Strategy and Remuneration.
Barry served on the Council of The University of Bath from 2014
to 2020, previously serving on the Finance Committee and for the
last two years chairing the new Remuneration Committee; holds
Visiting Professor appointments at two UK universities and has been
awarded Honorary Membership of four international professional
bodies. Among his voluntary roles, Barry is Chairman of The City of
Bath UNESCO World Heritage Site.
Malcolm Naish has informed the Board that he intends to retire
as Chairman and as a Non-executive Director of the Company at the
Company's next annual general meeting. Malcolm has acted as
Chairman of the Company since its initial public offering in 2012
and recently oversaw the transition to Schroders as the new
Alternative Investment Fund Manager. It is intended that Barry will
succeed Malcolm as Chairman, on his retirement.
Malcolm Naish, Chairman of Ground Rents Income Fund, said:
"Barry's extensive REIT and wider real estate experience will be
a valuable addition to the Board, helping position the Company for
future growth, while managing the current leasehold reform process
effectively."
Barry Gilbertson, Chairman-elect of Ground Rents Income Fund,
said:
"I am looking forward to joining the Company. I am keen to
support the Board and the wider team in their considerable work
navigating upcoming leasehold and regulatory reform in a way which
protects the Company's interests, whilst making sure that
leaseholders are treated fairly."
Contacts
Schroder Real Estate Investment Management Limited
James Agar / Matthew Riley
020 7658 6000
N+1 Singer (Broker)
James Maxwell / Kailey Aliyar
020 7496 3000
FTI Consulting
Dido Laurimore / Richard Gotla / Meth Tanyanyiwa
020 3727 1000
Appleby Securities (Channel Islands) Limited (Sponsor)
Andrew Weaver / Angharad Prescott
01534 888 777
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END
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