| Former BT chairman to lead Land Securities demerger |
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| Wednesday, 02 April 2008 | |
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The UK's biggest listed property company Land Securities has hired former BT chairman Sir Christopher Bland to help lead the company through a demerger. Sir Christopher who was also chairman of the Board of Governors at the BBC, will chair the infrastructure and outsourcing arm Trillium. Rick Haythornthwaite, currently chairman of Mastercard will take up the role of chairman of the Retail business following demerger. Current Land Securities chairman Paul Myners was confirmed as the chairman designate of the London offices business. Commenting on the new appointments Myners said: “These appointments demonstrate that we are making progress on our demerger plans and mean that when these companies become independent businesses, they will have the right balance of experience, energy and expertise on their Boards to make an immediate impact.” Land Securities also announces that Sir Win Bischoff has today stepped down from his role as a non executive director of the company. Sir Win joined the Land Securities Board in November 1999. Land Securities has said the demerger will take place when preparatory work has been completed and when market conditions are favorable.       |
