Capital & Counties Properties Plc Appointment of Chief Financial Officer (2697P)
November 16 2016 - 2:01AM
UK Regulatory
TIDMCAPC
RNS Number : 2697P
Capital & Counties Properties Plc
16 November 2016
16 November 2016
CAPITAL & COUNTIES PROPERTIES PLC
APPOINTMENT OF CHIEF FINANCIAL OFFICER
Capital & Counties Properties PLC ("Capco") announces that
Situl Jobanputra will be appointed to the executive director
position of Chief Financial Officer with effect from 1 January
2017. This follows the resignation of Soumen Das as Managing
Director & Chief Financial Officer announced on 26 July 2016.
The responsibility for the oversight of Covent Garden will revert
to Ian Hawksworth, Chief Executive of Capco, with immediate effect.
Soumen will step down as Chief Financial Officer on 31 December
2016 but will remain at Capco until 15 January 2017 to ensure a
smooth transition.
Situl is an experienced corporate financier having led Deutsche
Bank's UK real estate investment banking team before joining Capco
in January 2014 to provide support on corporate finance and capital
markets and to oversee the finance functions at Earls Court and
Lillie Square.
Ian Hawksworth commented:
"We are delighted to welcome Situl to the Board of Capco and the
role of Chief Financial Officer. He is well respected within the
company and the wider markets and has significant investment
banking and finance experience. Capco is committed to developing
talent and Situl has consistently delivered since joining Capco.
This appointment will also allow the existing successful finance
structure to continue to operate efficiently."
There is no further information to be disclosed pursuant to
Listing Rules 9.6.11 - 9.6.13.
ENDS
Corporate enquiries:
+44 (0)20 3214
Ian Hawksworth Chief Executive 9188
+44 (0)20 3214
Ruth Pavey Company Secretary 9814
+44 (0)20 7297
Michelle McGrath Director of Investor Relations 6093
Media enquiries:
Director of Communications +44 (0)20 3214
Sarah Hagan & Marketing 9185
UK: Tulchan Communications +44 (0)20 7353
LLP Susanna Voyle 4200
+27 (0) 11 447
SA: Instinctif Partners Frederic Cornet 3030
About Capital & Counties Properties PLC (Capco):
Capital & Counties Properties PLC is one of the largest
investment and development property companies that specialises in
central London real estate and is a constituent of the FTSE-250
Index. Capco's landmark London estates are valued at GBP3.6 billion
(as at 30 June 2016): Covent Garden, which has assets valued at
GBP2.1 billion including the historic Market Building; and Earls
Court Properties including the Empress State Building together with
the Venues business with aggregate property assets of GBP1.5
billion. The company is listed on the London Stock Exchange and the
Johannesburg Stock Exchange.
www.capitalandcounties.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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