– UK, London – Capital & Regional (LSE:CAL), announces that Guillaume Poitrinal is appointed as a Non-Executive Director, with effect from 1 November 2016. Guillaume brings a wealth of highly relevant experience from a very successful career in real estate, and shopping centres in particular, most prominently at Unibail-Rodamco, one of Europe’s largest commercial property companies, which he joined in 1995 and where he served as Chief Executive between 2005 and 2013.
Guillaume is the founder and Chairman of ICAMAP Investments S.àr.l, a specialised investment fund focusing on property stocks. Guillaume Poitrinal’s appointment is in a personal capacity although by virtue of his involvement with ICAMAP, which is a 7.35% shareholder in the Company, he is not considered independent under the terms of the UK Corporate Governance Code.
Guillaume Poitrinal, said: “Capital & Regional is a great company with a strong portfolio of shopping centres and ambitious plans to grow. I am therefore pleased to be joining the Capital & Regional team and am looking forward to contributing to the Company’s future plans.”
Commenting on Guillaume’s appointment, John Clare, Chairman of Capital & Regional, said: “Guillaume is one of the most well regarded figures in European real estate and brings with him a wealth of highly relevant experience and knowledge of the shopping centre sector which will be of great value to the Company. I am delighted to welcome him to the Board and I very much look forward to working together.”
Mark Bourgeois, Executive Director, has advised the Board of his intention to leave the business. Mark’s departure date will be confirmed in due course.
Commenting on the announcement, Hugh Scott-Barrett, Chief Executive Officer, said: “Mark has made a very significant contribution in his 18 years at Capital & Regional and particularly since joining the Board in 2013. He leaves a strong and experienced operational team who are well prepared to ensure continuity and maintain momentum in delivery of our asset management initiatives. On behalf of the Board, I would like to thank Mark for his hard work and wish him well for the future.”
About Capital & Regional plc
Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £1 billion portfolio of in-town dominant community shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange.
Capital & Regional owns seven shopping centres in Blackburn, Camberley, Hemel Hempstead, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre, Ipswich. Capital & Regional manages these assets, which comprise over 950 retail units and attract over 1.7 million shopping visits each week, through its in-house expert property and asset management platform.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
