British
Land appoints William Rucker as Chair Designate
11
March 2024
The
Board of The British Land Company PLC ("British Land") is pleased
to announce that following a comprehensive selection process, it
has appointed William Rucker as Chair Designate. William will join
the Board as Non-Executive Director, Chair of the Board and Chair
of the Nomination Committee at the conclusion of the British Land
AGM on 9th July 2024. William will succeed incumbent
Chair Tim Score on that date, when Tim will stand down after five
years as Chair and ten years on the Board.
Since
January 2023 William has been Chair of Intermediate Capital Group
plc. Having been in place since October 2018, he will step down as
Chair and a member of the Board of Marston's Plc prior to taking up
his role at British Land. He was most recently Chair of
Lazard in the UK, an investment bank focused on asset management
and financial advisory businesses, which he joined in 1987 from
Arthur Andersen where he qualified as a Chartered Accountant.
William has extensive experience in the real estate sector having
previously been Chair of Crest Nicholson Holdings plc (2011-2018)
and Quintain Estates and Development PLC (2009-2015), where British
Land's CEO, Simon Carter, was Finance Director from
2015-2017.
Tim
Score said
"I am very proud to have served as Chair of British Land and am
pleased to hand over to someone of William's calibre and experience
to steer the business through its next chapter. I am confident he
will provide the Board with strong and effective leadership and
will be a great support to Simon and the executive
team".
William
Rucker said
"I have long admired British Land as a company with a terrific
heritage and am delighted to be taking on the role of Chair. It is
a fantastic business with a strong track record and a highly
effective team at its helm. I look forward to working with the
Board and the team as we take the business forward".
Simon
Carter commented
"I am hugely grateful to Tim for his advice and support during his
tenure as Chair. British Land has benefitted greatly from his
expertise and guidance over his ten years on the Board.
I am
very much looking forward to working with William again. He
has extensive relevant experience, having chaired both public and
private UK real estate businesses. His insights will be invaluable
as we continue to execute our value add strategy and look to seize
growth opportunities in the portfolio and those emerging in the
market".
William's
other key appointments are listed below. No other information
is required to be disclosed pursuant to LR 9.6.13R of the Listing
Rules.
Charities,
public bodies and not-for-profit
Chairman
of the UK Dementia Research Institute
Steward
of the Jockey Club
Founder
Director of Flint Housing, a registered for profit housing
association
-
ENDS -
Investors
Sandra
Moura
07989 755 535
Media
Enquiries:
Charlotte
Whitley, British
Land
07887 802 535
About
British Land
Our
portfolio of high quality UK commercial property is focused on
London Campuses and Retail & London Urban Logistics assets
throughout the UK. We own or manage a portfolio valued at £12.7bn
(British Land share: £8.7bn) as at 30 September 2023 making us one
of Europe's largest listed real estate investment
companies.
We
create Places People Prefer, delivering the best, most sustainable
places for our customers and communities. Our strategy is to
leverage our best in class platform and proven expertise in
development, repositioning and active management, investing behind
two key themes: Campuses and Retail & London Urban
Logistics.
Our
three campuses at Broadgate, Paddington Central and Regent's Place
are dynamic neighbourhoods, attracting growth customers and
sectors, and offering some of the best connected, highest quality
and most sustainable space in London. We are delivering our fourth
Campus at Canada Water, where we have planning consent to deliver
5m sq. ft of residential, commercial, retail and community space
over 53 acres. Our Campuses account for 62% of our
portfolio.
Retail
& London Urban Logistics accounts for 38% of the portfolio and
is focused on retail parks which are aligned to the growth of
convenience, online and last mile fulfilment. We are complementing
this with urban logistics primarily in London, focused on
development led opportunities.
Sustainability
is embedded throughout our business. Our approach is focused on
three key pillars where British Land can create the most benefit:
Greener Spaces, making our whole portfolio net zero carbon by 2030,
Thriving Places, partnering to grow social value and wellbeing in
the communities where we operate and Responsible Choices,
advocating responsible business practices across British Land and
throughout our supply chain, and maintaining robust governance
structures.
Further
details can be found on the British Land website at
www.britishland.com.