– UK, London – NewRiver REIT plc (LON:NRR) today announced the appointment of Colin Rutherford as a Non-Executive Director of the Company with immediate effect.
Following this appointment, the Board of NewRiver will be comprised of Margaret Ford (Non-Executive Chairman), Alastair Miller (Senior Independent Non-Executive Director), Kay Chaldecott (Independent Non-Executive Director), Colin Rutherford (Independent Non-Executive Director), Allan Lockhart (Chief Executive Officer), Mark Davies (Chief Financial Officer) and David Lockhart (Executive Deputy Chairman).
Margaret Ford, Non-Executive Chairman of NewRiver commented: “I am delighted to welcome Colin to the NewRiver Board. Colin brings with him a wealth of experience from his various leadership roles in public and private companies across a wide range of highly relevant sectors including retail, property development and leisure, pubs and hospitality.”
About Colin Rutherford
Colin Rutherford currently serves on the Board and is Audit Committee Chairman of Mitchells & Butlers plc, a FTSE 250 restaurant, pub and bar operator. Colin is also on the Board and Audit Committee of the quoted Oil & Gas shipping and contracts services business, Renaissance Services SAOG, and on the Board and Audit Committee of Nasdaq quoted Evofem Biosciences Inc. He is Chairman of Brookgate Limited, a property development business. Colin graduated in Accountancy and Finance and qualified as a Scottish Chartered Accountant with Touche Ross (now Deloitte) in 1984.
NewRiver REIT plc is a leading Real Estate Investment Trust specialising in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK.
Our £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 21 conveniently located retail parks and over 650 community pubs. Having hand-picked our assets since NewRiver was founded in 2009, we have deliberately focused on the fastest growing and most sustainable sub-sectors of the UK retail market, with grocery, convenience stores, value clothing, health & beauty and discounters forming the core of our retail portfolio. This focus, combined with our affordable rents and desirable locations, delivers sustainable and growing returns for our shareholders, while our active approach to asset management and inbuilt 1.8 million sq ft development pipeline provide further opportunities to extract value from our portfolio.
For more information : https://www.nrr.co.uk
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