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Appointment of Chief Financial Officer

16 Nov 2016 07:00

RNS Number : 2697P
Capital & Counties Properties Plc
16 November 2016
 

16 November 2016

 

CAPITAL & COUNTIES PROPERTIES PLC

 

APPOINTMENT OF CHIEF FINANCIAL OFFICER

 

 

Capital & Counties Properties PLC ("Capco") announces that Situl Jobanputra will be appointed to the executive director position of Chief Financial Officer with effect from 1 January 2017. This follows the resignation of Soumen Das as Managing Director & Chief Financial Officer announced on 26 July 2016. The responsibility for the oversight of Covent Garden will revert to Ian Hawksworth, Chief Executive of Capco, with immediate effect. Soumen will step down as Chief Financial Officer on 31 December 2016 but will remain at Capco until 15 January 2017 to ensure a smooth transition.

 

Situl is an experienced corporate financier having led Deutsche Bank's UK real estate investment banking team before joining Capco in January 2014 to provide support on corporate finance and capital markets and to oversee the finance functions at Earls Court and Lillie Square.

 

Ian Hawksworth commented:

 

"We are delighted to welcome Situl to the Board of Capco and the role of Chief Financial Officer. He is well respected within the company and the wider markets and has significant investment banking and finance experience. Capco is committed to developing talent and Situl has consistently delivered since joining Capco. This appointment will also allow the existing successful finance structure to continue to operate efficiently."

 

 

There is no further information to be disclosed pursuant to Listing Rules 9.6.11 - 9.6.13.

 

 

ENDS

 

 

 

 

Corporate enquiries:

 

Ian Hawksworth

Chief Executive

+44 (0)20 3214 9188

Ruth Pavey

Company Secretary

+44 (0)20 3214 9814

Michelle McGrath

Director of Investor Relations

+44 (0)20 7297 6093

 

Media enquiries:

Sarah Hagan

Director of Communications & Marketing

+44 (0)20 3214 9185  

UK: Tulchan Communications LLP

Susanna Voyle

+44 (0)20 7353 4200

SA: Instinctif Partners

Frederic Cornet

+27 (0) 11 447 3030

 

About Capital & Counties Properties PLC (Capco):

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates are valued at £3.6 billion (as at 30 June 2016): Covent Garden, which has assets valued at £2.1 billion including the historic Market Building; and Earls Court Properties including the Empress State Building together with the Venues business with aggregate property assets of £1.5 billion. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

 

www.capitalandcounties.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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