NewRiver REIT PLC Appointment of Non-Executive Director (6658Y)
September 10 2020 - 11:02AM
UK Regulatory
TIDMNRR
RNS Number : 6658Y
NewRiver REIT PLC
10 September 2020
NewRiver REIT plc
("NewRiver" or the "Company")
Appointment of Non-Executive Director and Changes to Directors'
Responsibilities
NewRiver is pleased to announce the appointment of Charlie
Parker as a Non-Executive Director of the Company with immediate
effect.
Charlie Parker has served as Chief Executive of the Government
of Jersey and Head of the Public Service for Jersey since January
2018. In this role, he has led an ambitious programme to transform
and modernise Jersey's public services and developed a major
infrastructure vehicle for funding the Island's infrastructure and
regeneration plans. Charlie was previously Chief Executive of
Westminster City Council from December 2013 to December 2017 and
Chief Executive of Oldham Metropolitan Borough Council from October
2008 to December 2013. Prior to this, he held a number of
investment, development and regeneration roles across national and
local government bodies.
Following this appointment, the Board of NewRiver will be
comprised of Baroness Ford OBE (Non-Executive Chairman), Alastair
Miller (Senior Independent Non-Executive Director), Kay Chaldecott
(Independent Non-Executive Director), Colin Rutherford (Independent
Non-Executive Director), Allan Lockhart (Chief Executive Officer),
Mark Davies (Chief Financial Officer) and Charlie Parker
(Independent Non-Executive Director).
Baroness Ford OBE, Non-Executive Chairman, NewRiver commented:
"I am delighted to welcome Charlie to the NewRiver Board. Charlie
brings with him a wealth of experience from his various leadership
roles in the public sector, which will be particularly relevant to
our strategy of developing strong relationships with Local
Authorities and public bodies."
The Company confirms that there is no further information
relating to Charlie that requires disclosure under Listing Rule
9.6.13.
Board Committee role changes
In accordance with Listing Rule 9.6.11(3) the Company announces
the following changes to the leadership of the Committees of the
Board with immediate effect:
-- Kay Chaldecott, Independent Non-Executive Director, will step
down as Chairman of the Remuneration Committee, and remain a member
of the Remuneration Committee.
-- Alastair Miller, Senior Independent Director, will step down
as Chairman of the Audit Committee and remain a member of the Audit
Committee. Alastair will be appointed as Chairman of the
Remuneration Committee.
-- Colin Rutherford, Independent Non-Executive Director, will be
appointed as Chairman of the Audit Committee.
The updated composition of the Committees of the Board can be
found on the Company's website: www.nrr.co.uk
For further information
NewRiver REIT plc +44 (0)20 3328 5800
Tom Loughran (Head of Investor
Relations)
About NewRiver
NewRiver REIT plc ('NewRiver') is a leading Real Estate
Investment Trust specialising in buying, managing and developing
essential retail and leisure assets throughout the UK.
Our GBP1.2 billion portfolio covers 9 million sq ft and
comprises 33 community shopping centres, 25 conveniently
located
retail parks and over 700 community pubs. We hand-picked our
assets to deliberately focus on occupiers providing
essential goods and services, and avoid structurally challenged
sub-sectors such as department stores, mid-market
fashion and casual dining. This focus, combined with our
affordable rents and desirable locations, delivers sustainable and
growing returns for our shareholders, while our active approach to
asset management and inbuilt 2.5 million sq ft
development pipeline provide further opportunities to extract
value from our portfolio.
NewRiver has a Premium Listing on the Main Market of the London
Stock Exchange (ticker: NRR). Visit www.nrr.co.uk for further
information.
LEI Number: 2138004GX1VAUMH66L31
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