(Alliance News) - Hammerson PLC said Monday it has appointed former Land Securities Group PLC chief executive Robert Noel as its new non-executive chair.
"Noel has built a long and successful career in the real estate sector most notably at Great Portland Estates PLC and Landsec. In March of this year he stepped down from Landsec, where he had held the role of chief executive officer for the past eight years," London and Johannesburg-listed Hammerson said.
Noel is currently senior independent director at Taylor Wimpey PLC. He will join Hammerson no later than October 1, but the exact date is yet to be confirmed.
Noel said: "I am delighted to be joining Hammerson. The retail property sector is going through a period of unprecedented upheaval, but I look forward very much to helping the company steer through the challenges it is currently facing and capitalise on the significant opportunities ahead."
Hammerson also has appointed Desmond de Beer will join its board as a non-executive director with immediate effect.
De Beer is a non-executive director of Lighthouse Capital, a property company which invests in direct property and listed real estate securities and which has a 15% shareholding in Hammerson.
Shares in Hammerson were down 3.2% in London on Monday morning at 107.15 pence. In Johannesburg, the shares were 4.0% lower at ZAR23.18.
By Paul McGowan; paulmcgowan@alliancenews.com
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Hammerson (HMSO)
Taylor Wimpey (TW.)