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Land Securities Group plc

Land Securities Group announce Mark Allan as its next CEO

Land Securities Group (LON:LAND) has announced that Mark Allan is to be appointed as its next Chief Executive Officer.  Mark Allan is currently Chief Executive Officer of St Modwen Properties Plc, a role he has held since 1 November 2016. He joined St Modwen Properties Plc from The Unite Group plc, where he was CEO from 2006 until May 2016.  Mark is a qualified Chartered Accountant and a member of the Royal Institution of Chartered Surveyors.  He will take up the new role, and become an Executive Director, with effect from a date to be confirmed but by no later than 1 June 2020.

Mark Allan said “Landsec is an iconic property company with a fantastic heritage and I am delighted to have the opportunity to lead it. The world of Real Estate is undergoing significant change and I am confident, with the skills and experience already in place, that great opportunities lie ahead. I am looking forward to working with everyone at Landsec, the Board and its partners and customers.”

Robert Noel will continue as CEO for the time being and a further announcement will be made in due course regarding his leaving date.

There are no other matters to disclose under Listing Rule 9.6.13.

Commenting on the appointment, Cressida Hogg, Chairman of Land Securities Group, said

“I am delighted to announce that Mark is to join Landsec as our next CEO.  Mark has been a highly successful CEO of two companies in the property sector.  He has demonstrated strong management skills and the strategic insights that we believe will build on the strengths of our business today and be invaluable for the next phase of Landsec’s evolution.   On behalf of the Board, and all of my colleagues in the business, I welcome Mark to Landsec and look forward to working with him when he joins next year.”

“I would also like to restate the Board’s appreciation to Rob for his successful leadership of Landsec as CEO and his continued commitment to the business.”