22 October 2024
WORKSPACE GROUP
PLC
CEO
TRANSITION
LAWRENCE HUTCHINGS TO TAKE
OVER AS CEO OF WORKSPACE ON 18 NOVEMBER 2024
Workspace Group PLC ('Workspace'),
London's leading provider of sustainable, flexible workspace,
announces that, further to the Company's announcement on 8 May
2024, Lawrence Hutchings will take up the role of Chief Executive
Officer and join the Board on 18 November 2024, succeeding Graham
Clemett. To ensure a smooth transition, Graham will be available to
the business until his notice period ends on 31 January 2025, at
which time he will step down from the Board.
Details of Lawrence's remuneration
arrangements were set out in the Company's 2024 Annual Report &
Accounts.
Consistent with his contractual
terms, Graham Clemett will be paid salary, pension and benefits in
the normal way until the expiry of his notice period on 31 January
2025. Details of his remuneration arrangements in connection with
his retirement will be made available in due course in accordance
with section 430(2B) Companies Act 2006.
- ENDS
-
For
media and investor enquiries, please contact:
Workspace Group
PLC
Paul Hewlett, Director of Strategy
& Corporate
Development
020 7138 3300
Clare Marland, Head of Corporate
Communications
FGS
Global
Chris Ryall
020 7251
3801
Guy
Lamming
Notes to Editors
About Workspace Group
PLC:
Workspace is London's leading owner
and operator of flexible workspace, currently managing 4.3 million
sq. ft. of sustainable space at 73 locations in London and the
South East.
We are home to some 4,000 of
London's fastest growing and established brands from a diverse
range of sectors. Our purpose, to give businesses the freedom to
grow, is based on the belief that in the right space, teams can
achieve more. That in environments they tailor themselves, free
from constraint and compromise, teams are best able to collaborate,
build their culture and realise their potential.
We have a unique combination of a
highly effective and scalable operating platform, a portfolio of
distinctive properties, and an ownership model that allows us to
offer true flexibility. We provide customers with blank canvas
space to create a home for their business, alongside leases that
give them the freedom to easily scale up and down within our
well-connected, extensive portfolio.
We are inherently sustainable - we
invest across the capital, breathing new life into old buildings
and creating hubs of economic activity that help flatten London's
working map. We work closely with our local communities to ensure
we make a positive and lasting environmental and social impact,
creating value over the long term. Workspace was established in
1987, has been listed on the London Stock Exchange since 1993, is a
FTSE 250 listed Real Estate Investment Trust (REIT) and a member of
the European Public Real Estate Association (EPRA).
Workspace® is a registered trademark
of Workspace Group PLC, London, UK.
LEI: 2138003GUZRFIN3UT430
For more information on Workspace,
visit www.workspace.co.uk