LONDON (Alliance News) - Shopping centre operator intu Properties PLC said on Monday that two non-executive directors have stepped down from their roles with immediate effect.
Louise Patten has retired from the board, and Richard Gordon will not seek re-election at the next annual general meeting on May 3.
However, to allow intu to preserve the balance of independent and non-independent directors on the board, Gordon has stood down with immediate effect.
"On behalf of the board, I would like to thank both Richard and Louise for their contribution to the board's deliberations over the past several years. Richard's association with intu goes back to 1996 and he has been a valued, dedicated and supportive non-executive director. Louise has served for almost eight years as a non-executive director and Remuneration Committee chair. I wish both Richard and Louise our best wishes for the future," said Chair John Strachan.
Shares in Intu Properties were up 1.4% at 119.40 pence in London, while Johannesburg shares closed up 2.1% at ZAR21.98 on Monday.
