St. Modwen Properties PLC Appointment of Chief Executive Officer (3636A)

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RNS Number : 3636A

St. Modwen Properties PLC

29 September 2020

   Date of issue: 29   September 2020 

LEI: 213800WMV4WVES8TQH05

This announcement contains inside information

ST. MODWEN PROPERTIES PLC

("St. Modwen" or "the Company")

Appointment of Chief Executive Officer

St. Modwen is delighted to announce the appointment of Sarwjit Sambhi as Chief Executive Officer with effect from 2 November 2020. Sarwjit was most recently CEO of Centrica Consumer and a member of the board at Centrica plc, the FTSE 250 energy group. He held various senior positions during his 19-year tenure at the company, including strategy, finance, major capital projects and renewable energy, before leading its consumer business which included providing energy and home services to the nine million customers of British Gas. Prior to Centrica, Sarwjit was at the technology and management consultancy, Booz Allen & Hamilton.

Danuta Gray, Chair of St. Modwen, commented:

"Sarwjit's breadth of experience and proven leadership capability in a large and complex organisation strongly positions him to deliver St Modwen's stated strategy. The board believes he is a great fit for St. Modwen and well qualified to lead the business and develop the Company for further success, creating value for all our stakeholders.

"I'd also like to take this opportunity to thank Rob Hudson for his strong leadership as Interim Chief Executive over the past six months, during what has been a very challenging period. Despite this, the Company has remained resilient operationally and performed strongly."

Sarwjit Sambhi commented:

"I am proud to be joining St. Modwen. It is a strong business with considerable opportunities to leave a lasting legacy by creating homes, establishing new communities and delivering high-quality industrial and logistics spaces. I am looking forward to getting to the know the business, its committed people and the many different stakeholders for whom and with whom the business will thrive."

There is no further information that is required to be disclosed under paragraph 9.6.13R of the Listing Rules of the Financial Conduct Authority.

- ENDS -

 
Enquiries: 
St. Modwen Properties PLC 
Tom Gough, Head of External Communications and         Tel: [phone] 
 Stakeholder Relations 
                                                       www.stmodwen.co.uk 
 
FTI Consulting 
Dido Laurimore                                         Tel: [phone] 
                                               [e-mail] 
 
 
 

The person responsible for arranging the release of this information on behalf of the Company by Andrew Eames, General Counsel and Company Secretary.

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END

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September 29, 2020 02:00 ET (06:00 GMT)