(Alliance News) - Land Securities Group PLC on Wednesday said it has appointed Vanessa Simms as its new chief financial officer to replace Martin Greenslade, who announced his departure last month.
Simms is currently CFO at FTSE 250-listed residential landlord Grainger PLC and is expected to join LandSec by no later than June 1 next year. She has previously held senior positions at student accommodation provider Unite Group PLC and warehouse investor SEGRO PLC.
LandSec Chief Executive Officer Mark Allan said: "I am delighted that Vanessa is to join LandSec as our next CFO, building on the strong foundations established by Martin. She brings a valuable combination of expertise and experience, and I have been particularly impressed by the role she has played in helping to deliver strategic change and business transformation at Grainger in recent years."
Grainger separately said that a search for Simms's replacement is underway, confirming Simms will leave Grainger no later than the June 1, 2021.
Shares in LandSec were down 4.4% at 503.10 pence each in London on Wednesday morning. Grainger shares were down 2.3% at 276.40p each.
By Tapan Panchal; tapanpanchal@alliancenews.com
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Segro (SGRO)
Grainger plc (GRI)
Unite (UTG)