Helical PLC Helical Announces Changes to the Board (3862E)
February 09 2018 - 2:00AM
UK Regulatory
TIDMHLCL
RNS Number : 3862E
Helical PLC
09 February 2018
9 February 2018
HELICAL PLC
('Helical'/ 'the Company')
HELICAL ANNOUNCES CHANGES TO THE BOARD
Helical, one of London's leading property developers, announces
that Mike Slade, Non-Executive Chairman, has informed the Board of
his intention to step down from his role at the Company's Annual
General Meeting in July 2019.
Following notice of his intentions, the Board of Helical
appointed an executive search firm to undertake an assessment of
both internal and external candidates. As a result of this process
it has been concluded that Richard Grant is the most suitable
person to act as the future Chairman of the Company and will, with
immediate effect, be appointed Deputy Chairman of Helical to ensure
a smooth handover process.
Richard Grant joined the Board of Helical as a Non-Executive
Director in 2012. He is Chairman of the Audit & Risk Committee
and is a member of the Nominations and Remuneration Committees.
Richard will continue to serve in these roles alongside his deputy
chairmanship. Richard has more than 40 years' experience including
as Finance Director of Cadogan Estates Limited and as a corporate
finance partner at PwC.
In line with broader Board succession planning, Richard Cotton
will succeed Richard Gillingwater, as Senior Independent Director,
with immediate effect. Richard Gillingwater will continue to serve
the Board in his capacity as Non-Executive Director and Chairman of
the Nominations Committee.
Richard Cotton was appointed as a Non-Executive Director of
Helical on 1 March 2016 and is a member of the Nominations, Audit
& Risk and Remuneration Committees. Richard was formerly head
of UK Real Estate at J.P. Morgan Cazenove. Richard is a
Non-Executive Director of Big Yellow Group plc and a member of the
Commercial Development Advisory Group of Transport for London. He
was previously Chairman of Centurion Properties and a Non-Executive
Director of Hansteen Holdings plc.
Mike Slade, Chairman, said:
"Richard Grant's financial and governance skills and his
specialist knowledge of the real estate sector have added real
value to the Board and I am pleased with his appointment as Deputy
Chairman and, in due course, Chairman of Helical. His new role
provides additional strength in ensuring that the Board operates
effectively as it focuses on executing its strategy and meeting its
targets. I would like to thank Richard Gillingwater for his support
over the years as Senior Independent Director and for overseeing
this and past succession changes and I welcome Richard Cotton as
his successor in this role."
Richard Gillingwater, Senior Independent Director and Chairman
of the Nominations Committee, said:
"Since standing down as Chief Executive in July 2016, Mike Slade
has continued to provide the Company with great experience and
property knowledge in his role as Non-Executive Chairman. We owe
him a great debt and he has our gratitude for all he has done for
Helical over the last 34 years. Looking ahead, and speaking for the
whole Board, I welcome Richard Grant in his new role as the future
Chairman of Helical."
For further information please contact:
Helical
Richard Gillingwater/Gerald Kaye Tel: 020 7629 0113
FTI Consulting
Dido Laurimore/Tom Gough/Richard Gotla Tel: 020 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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