– UK, London – NewRiver plc (LON: NRR) today announced the appointment of Lynn Fordham to its Board as an Independent Non-Executive Director and Chair-Designate effective from 21 March 2024, succeeding Baroness Ford OBE as Chair on 30 May 2024.
“We are very pleased to have secured a Chair of Lynn’s calibre. Lynn is a seasoned Plc director with significant capital markets and finance experience. I’m confident that Lynn will bring strong strategic leadership and on behalf of the Board I am delighted to welcome Lynn to NewRiver,” said Senior Independent Director, Alastair Miller.
Lynn Fordham will also join the Nomination Committee.
About Lynn Fordham
Lynn Fordham is a highly experienced Non-Executive Director with wide-ranging experience across a range of industries and has extensive board level experience gained as an Executive Director and Non-Executive Director of listed companies.
Lynn Fordham is currently Non-Executive Director and Audit Committee Chair of NCC Group plc, Caledonia Investments plc, Domino’s Pizza Group plc, and Non-Executive Director of Enfinium Group Ltd. Lynn was previously Non-Executive Director of VARO Energy and Fuller, Smith & Turner.
Her most recent executive career was as Managing Partner of Larchpoint Capital LLP, a team of private equity professionals investing in family capital. Prior to that Lynn was CEO and Executive Director of SVG Capital plc, the former FTSE 250 listed private equity investment vehicle. Lynn has also held senior finance roles at Barratt Developments Plc, BAA Plc and Boots Plc.
In her early career, Lynn Fordham trained as a Chartered Accountant with Peat Marwick and held various Audit, Risk, Strategy and Finance roles with British American Tobacco, ED& F Man Group, Chubb, Boots and BAA.
Lynn Fordham said: “I am delighted to be joining the Board of NewRiver at this stage in its development and look forward to working with the Board and Allan Lockhart, CEO. I was attracted to the role of Chair because of the quality of NewRiver’s portfolio and operating platform, the strength of its balance sheet and the prospect of increasing shareholder value over the coming years.”
About NewRiver
NewRiver REIT plc is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK.
Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services. In addition we manage 18 retail parks and 5 shopping centres on behalf of Capital Partners, taking our total Assets Under Management to £1.3 billion. Our objective is to own and manage the most resilient retail portfolio in the UK, focused on retail parks, core shopping centres, and regeneration opportunities in order to deliver long-term attractive recurring income returns and capital growth for our shareholders.
SOURCE: https://www.nrr.co.uk/
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