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Hansteen Appoints Pendragon's Egglenton As Non-Executive Chairman

Mon, 06th Jun 2016 09:36

LONDON (Alliance News) - Hansteen Holdings PLC on Monday said its Non-Executive Chairman James Hambro will retire from his position in August, and will be replaced by motor dealer Pendragon PLC's Chairman Melvyn Egglenton.

The FTSE 250-listed real estate investment trust said Hambro has served as its non-executive chairman since its launch on the AIM market in November 2005, and will be leaving the board following its interim results on August 23.

Egglenton has served as a non-executive director of Hansteen since June 2014, and has been chairman of Pendragon since May 2013.

Shares in Hansteen were up 0.6% at 103.70 pence on Monday.

By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland

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