SMP.L Share News (SMP)

(Sharecast News) - St. Modwen Properties has appointed Sarwjit Sambhi as its new chief executive officer with effect from 2 November.

Sambhi was recently CEO of Centrica Consumer and a member of the board at the British Gas owner. St Modwen said he held various senior positions during his 19-year tenure at the company, including strategy, finance, major capital projects and renewable energy, before leading its consumer business.

Prior to Centrica, he was at technology and management consultancy Booz Allen & Hamilton.

Chair Danuta Gray said: "Sarwjit's breadth of experience and proven leadership capability in a large and complex organisation strongly positions him to deliver St Modwen's stated strategy.

"The board believes he is a great fit for St. Modwen and well qualified to lead the business and develop the company for further success, creating value for all our stakeholders."