Segro PLC - London-based industrial property investor - Says Chief Operating Officer Andy Gulliford will retire in 2023. Gulliford was appointed as COO in 2011, having been with company since 2004. He has also been on the company's board since 2013. Adds that a process will be started to identify potential successors, which will allow for an orderly transition of responsibilities.
Chief Executive David Sleath comments: "Andy Gulliford joined the business in 2004 and has held a variety of important executive roles, culminating in his being appointed chief operating officer in 2011 and joining the board in 2013. He has played a vital role in the growth and success of the company, particularly over the past decade."
Current stock price: 813.00 pence, down 4.3% on Thursday
12-month change: down 37%
By Sophie Rose; sophierose@alliancenews.com
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Segro (SGRO)