TIDMSGRO
Following the announcement on 22 September 2022 regarding the
retirement of its Chief Operating Officer Andy Gulliford, SEGRO plc
("SEGRO" or the "Group) (BOURSE:SGRO) today confirms that Andy will
be retiring from the business and stepping down from the Board on
30 June 2023.
The Group also announces that it has taken this opportunity to
expand its executive leadership structure, to reflect the increased
scale and footprint of its operations. The new structure provides
opportunities to promote the great talent within the business,
whilst ensuring that the leadership team has the right experience
and capabilities to continue to deliver SEGRO's strategic
priorities and secure its ambitious plans for future growth.
As a result, SEGRO is appointing James Craddock, Paul Dunne,
Andrew Pilsworth and Marco Simonetti to its Executive Committee,
reporting to David Sleath, Chief Executive. The new roles, which
will take effect from 1 July 2023, are detailed below and will
fulfil a wide range of functions from leading the Group's property
operations, implementing its sustainability strategy, to incubating
new propositions and driving growth.
David Sleath, Chief Executive, SEGRO, said:
"Our existing operating model has served us well over the last
decade as we have grown into one of Europe's largest and
best-performing property companies. While we can be proud of our
achievements to date, we remain ambitious for further growth,
success and continued exemplary customer service. The time is right
to evolve our organisational model to take full advantage of the
exciting opportunities ahead, and to ensure we continue to meet the
expectations of our customers, shareholders, colleagues and other
stakeholders.
"James, Paul, Andrew and Marco are exceptional leaders with many
years' experience in a variety of roles, which will be hugely
beneficial as we strive towards our ambition to be the best
property company.
"I would also like to take this opportunity to once again thank
Andy for his significant contribution to SEGRO's success over the
years and to wish him well for the future."
New roles and appointments
Managing Director, UK & Managing Director, Continental
Europe
Two new roles have been formed with responsibility for leading
SEGRO's property activities, one covering the UK and the other
Continental Europe. This will include achieving portfolio
outperformance and growth, as well as supporting the delivery of
the Group's strategy within their respective regions.
James Craddock has been promoted from his role as Managing
Director of SEGRO's Thames Valley business unit to Managing
Director, UK. Marco Simonetti has been promoted from his role as
Managing Director of SEGRO's Southern Europe business unit to
Managing Director, Continental Europe.
Group Customer & Operations Director
Customers have been at the heart of SEGRO's business for many
years and the creation of this role signifies the Group's intent to
raise its customer service standards to a new level and to further
deepen its customer relationships to provide competitive advantage.
Alongside this will be the responsibility for setting standards and
ensuring consistency across the UK and Europe within the
operational functions, including driving the Group's sustainability
strategy.
Paul Dunne, currently Managing Director, Group Operations has
been promoted to this role.
Chief of Staff
The Chief of Staff will work closely with David Sleath and other
Executive Committee members in developing and implementing
strategic initiatives and leading on cross-border business
propositions.
Andrew Pilsworth, currently Managing Director of SEGRO's
National Logistics business unit, has been promoted to this
role.
As a result of these changes, James, Paul, Andrew and Marco will
join the Executive Committee alongside existing members David
Sleath, Soumen Das (Chief Financial Officer) and Margaret Murphy
(Group HR Director).
COO retirement
As required by s430(2B) of the Companies Act 2006, details of
the remuneration payments to be made to Andy Gulliford will be
published on the Company's website when he steps down from the
Board.
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the
London Stock Exchange and Euronext Paris, and is a leading owner,
manager and developer of modern warehouses and industrial property.
It owns or manages 9.9 million square metres of space (106 million
square feet) valued at GBP20.9 billion as at 31 December 2022,
serving customers from a wide range of industry sectors. Its
properties are located in and around major cities and at key
transportation hubs in the UK and in seven other European
countries.
For over 100 years SEGRO has been creating the space that
enables extraordinary things to happen. From modern big box
warehouses, used primarily for regional, national and international
distribution hubs, to urban warehousing located close to major
population centres and business districts, it provides high-quality
assets that allow its customers to thrive.
A commitment to be a force for societal and environmental good
is integral to SEGRO's purpose and strategy. Its Responsible SEGRO
framework focuses on three long-term priorities where the company
believes it can make the greatest impact: Championing Low-Carbon
Growth, Investing in Local Communities and Environments and
Nurturing Talent.
Striving for the highest standards of innovation, sustainable
business practices and enabling economic and societal prosperity
underpins SEGRO's ambition to be the best property company.
See www.SEGRO.com for further information.
CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES:
SEGRO
David Sleath (Chief Executive)
Tel: +44 (0) 20 7451 9120
Claire Mogford (Head of Investor Relations)
Tel: +44 (0) 20 7451 9048
Gary Gaskarth (External Communications Manager)
Tel: +44 (0) 20 7451 9069
FTI Consulting
Richard Sunderland / Ellie Sweeney / Eve Kirmatzis
Tel: +44 (0) 20 3727 1000
View source version on businesswire.com:
https://www.businesswire.com/news/home/20230516005909/en/
CONTACT:
SEGRO PLC
SOURCE: SEGRO PLC
Copyright Business Wire 2023
(END) Dow Jones Newswires
May 17, 2023 02:00 ET (06:00 GMT)
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