Capital & Regional Regulatory News (CAL)

29 Jun 2007 14:54

Capital & Regional plc29 June 2007 29 June 2007 CAPITAL & REGIONAL PLC: ANNOUNCES THE RETIREMENT OF ANDREW LEWIS-PRATT, AND THE APPOINTMENT OF JOHN GATLEY TO LEAD THE C&R RETAIL PARKS TEAM Capital & Regional announces with regret the retirement of Andrew Lewis-Pratt asan Executive Director, on grounds of ill health. Andrew, who joined the board in 1997 following Capital & Regional's acquisitionof Lanham, has been responsible for the Group's Retail Parks business where heleaves behind a strong team with deep knowledge of the business. John Gatley supported by a specialist team of 26, will now be taking fullresponsibility for The Junction reporting to the Group's deputy chief executive,Xavier Pullen. He has over 13 years experience in the retail warehouse sector,including on the tenant side, being Group Property Director of Focus Wickes, andmore recently on the landlord side at The Junction. As Managing Director forthe past 21/2 years he has been responsible for the organisational structure,growth and development of the business. Tom Chandos, Chairman, said "Capital & Regional's position as one of the leadersin the retail park business is attributable to Andy's flair and the team he hasbuilt. I would like to extend the Board's warm thanks for his contribution andbest wishes for his future and health." Martin Barber, Chief Executive, said "We are very sad that Andy is going. Wewill miss working with him and enjoying his company at the board table." Notes to editors: About Capital & Regional plc Capital & Regional is the co-investing asset manager which specialises in towncentre shopping centres, out of town retail parks, and urban entertainmentcomplexes. Capital & Regional founded the Mall and Junction Funds in conjunction withMorley Fund Management. It also founded the X-Leisure fund with HermesInvestment Management Limited, and has a number of other joint ventures anddevelopments. Its shares are quoted on the London Stock Exchange. For further information see www.capreg.com - ENDS - For further information: Capital & Regional: Martin Barber, Chief Executive Tel: 020 7932 8000 This information is provided by RNS The company news service from the London Stock Exchange