Segro Promotes Finance Chief To Replace Ian Coull As CEO
16 Décembre 2010 - 9:03AM
Dow Jones News
Europe's largest industrial landlord, Segro PLC (SGRO.LN), said
Thursday that Finance Director David Sleath will succeed Chief
Executive Ian Coull, who will retire April 28 next year.
"Segro has been on a transformational journey over the last
eight years under Ian Coull's leadership and I am looking forward
to building on this to deliver value to shareholders in the years
ahead," said Sleath, 49 years old, who has been finance director
since the start of 2006.
Before joining Segro, Sleath was finance director of automotive
engineering group Wagon PLC from 1999 to 2005. From 1982 to 1999,
he worked for Arthur Andersen, where he later became a partner and
head of audit and assurance for the Midlands.
He is a fellow of the Institute of Chartered Accountants in
England and Wales and a non-executive director of Bunzl PLC
(BNZL.LN).
Segro Chairman Nigel Rich said the company's search for a
replacement for Coull was extensive and had included internal and
external candidates. "On behalf of the board, I wish David every
success in his new role," Rich said.
The appointment comes after Coull said in October that he will
take up a new role as chairman of house builder and construction
group Galliford Try PLC (GFRD.LN) July 1.
Coull has been CEO of Segro since Jan 1, 2003. During his
tenure, he guided the business through one of the most turbulent
recessions in decades. He presided over a rights issue, sold
Segro's U.S. business at the top of the market in 2007 and bought
troubled rival industrial landlord Brixton PLC at the bottom in
August 2009 in an all-share deal.
Segro now boasts a portfolio comprising GBP5.3 billion of
predominantly industrial and warehouse assets concentrated in and
around major business centers and transportation hubs such as
ports, airports and motorways.
Segro said a search for a new finance director will start
immediately.
Its shares closed Wednesday at 297 pence, giving the company a
market capitalization of GBP2.2 billion. The shares have fallen 14%
in value since the start of the year.
-By Vladimir Guevarra, Dow Jones Newswires; +44 (0) 207 842
9486; vladimir.guevarra@dowjones.com
Bunzl (PK) (USOTC:BZLFY)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Bunzl (PK) (USOTC:BZLFY)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024