WPR West Pioneer

 

TIDMWPR 
 
RNS Number : 9743H 
West Pioneer Properties Limited 
03 March 2010 
 

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| Press Release                |                 3 March 2010 | 
+------------------------------+------------------------------+ 
 
 
                        West Pioneer Properties Limited 
 
                        ("West Pioneer" or "the Company") 
 
                                Board Changes 
 
West Pioneer (AIM:WPR), a leading developer and operator of shopping malls in 
west and southern India, is pleased to announce the appointment of Ajay Gupta 
(aged 40) as Chief Executive Officer of the Company with immediate effect. 
Jayant Sohonie will take on the role of Vice Chairman of the Company. 
 
Mr Gupta has been associated with West Pioneer since early 2009 as a valued 
member of the management committee involved in leading the Company's strategic 
planning process. He also has extensive experience within the retail sector 
having been associated with Hardcastle Restaurants, the McDonald's India joint 
venture in the West and South of the country, as well as with Global Trendz Ltd, 
the Master franchise for Disney Kids Wear in India. 
 
Mr Gupta joins West Pioneer from Astrum Consulting ("Astrum"), a management and 
strategic consultancy business, which he co-founded in April 2000. As Chief 
Executive Officer of Astrum, Mr Gupta helped increase the client base to include 
some of the world's leading blue chip businesses, including HSBC, Vodafone, 
Astra Zeneca and Unilever. 
 
Prior to founding Astrum, Mr Gupta held a number of senior management roles at 
Dow AgroSciences India, a wholly owned subsidiary of Dow Chemicals, the leading 
provider of technologies for crop protection, pest and vegetation management and 
agricultural biotechnology.  Mr Gupta therefore brings extensive experience in 
business and logistics planning to West Pioneer. 
 
Amit Jatia, Chairman of West Pioneer, said: "I am delighted to welcome Ajay to 
West Pioneer and look forward to working closely with him as the Company 
continues to expand and develop.  His strategic planning skills and experience 
with high quality, international, blue chip companies will be a valuable asset 
to West Pioneer. 
 
"On behalf of the Board, I would also like to offer our sincere thanks to Jayant 
for all his work to date as Chief Executive Officer of West Pioneer. Jayant's 
leadership during the Company's IPO in December 2006 and throughout the 
development of our first mall in Kalyan, has been invaluable to both me and West 
Pioneer. I look forward to his continuing guidance as Vice Chairman." 
 
There are no further disclosures required pursuant to Schedule 2, paragraph (g) 
of the AIM Rules for Companies in respect of Mr Gupta's appointment, save that 
he has been a director of Astrum Consulting Private Limited and Astrum Solutions 
Private Limited in the last five years. 
 
                                     -Ends- 
For further information: 
 
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| Evolution Securities               |                        | 
+------------------------------------+------------------------+ 
| Jeremy Ellis / Chris Clarke        |   Tel: +44 (0) 20 7071 | 
|                                    |                   4300 | 
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Media enquiries: 
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| Abchurch Communications            |                         | 
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| Heather Salmond/ Mark Dixon        |    Tel: +44 (0) 20 7398 | 
|                                    |                    7729 | 
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| mark.dixon@abchurch-group.com      | www.abchurch-group.com  | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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