Board oF directors

Board oF directors

42 Land Securities Annual Report 2014 BOARD OF DIRECTORS Executive Directors Non-executive Directors Robert Noel Chief Executive Martin Greenslad...

NAN Sizes 0 Downloads 16 Views

42

Land Securities Annual Report 2014

BOARD OF DIRECTORS Executive Directors

Non-executive Directors

Robert Noel Chief Executive

Martin Greenslade Chief Financial Officer

Dame Alison Carnwath Chairman of the Board

Kevin O’Byrne Senior Independent Director

Robert was appointed to the Board in January 2010 as Managing Director, London Portfolio and became Chief Executive on 1 April 2012. Age: 50 Career A chartered surveyor and graduate of the University of Reading, Robert was previously Property Director at Great Portland Estates plc between August 2002 and September 2009. Prior to that, he was a director at property services group Nelson Bakewell. Robert is a trustee of the property industry charity, LandAid. Previously he has been a director of the New West End Company, the central London Business Improvement District and Chairman of the Westminster Property Association. Skills, competencies and experience Robert has nearly 30 years’ experience in a number of sectors  within the property market. He has extensive knowledge of the London commercial property market in particular. He has significant executive leadership experience across property sectors and has substantial listed company experience at Board level. Committees Robert chairs the Group’s Executive, Asset and Liability and Investment Committees and  is a member of the Finance Committee. He attends the Audit, Remuneration and Nominations Committees at the invitation of the chairmen of those Committees.

Martin joined the Group as Chief Financial Officer in September 2005. Age: 49 Career A chartered accountant, having trained with Coopers & Lybrand, Martin was previously Group Finance Director of Alvis plc. He also worked in corporate finance having served as a member of the executive committee of Nordea’s investment banking division and Managing Director of its UK business. Martin is a trustee of International Justice Mission UK. Skills, competencies and experience Martin brings wide-ranging financial experience from the property, engineering and financial sectors in the UK and overseas. He has significant listed company experience at Board level. He has oversight of the finance, tax, treasury, insurance, information technology and accounting teams at Land Securities and brings extensive financial expertise to the Group including in relation to corporate financing and investment arrangements. Committees Martin is a member of the Group’s Executive, Investment, Asset and Liability and Finance Committees. He attends the meetings of the Audit Committee at the invitation of the chairman of that Committee.

Dame Alison was appointed to the Board as a Non-executive Director in September 2004 and became Chairman in November 2008. Age: 61 Career Dame Alison worked in investment banking and corporate finance for 20 years, before pursuing a portfolio career. During her banking career, she became the first female Director of J. Henry Schroder Wagg & Co. Dame Alison was also a Senior Partner at Phoenix Securities and a Managing Director at Donaldson, Lufkin & Jenrette. Subsequently she served as a non-executive director of Friends Provident plc, Gallaher Group plc, Glas Cymru Cyfyngedig (Welsh Water), Barclays plc and Man Group plc. Dame Alison is currently chairman of Isis Equity Partners, a UK private equity business, a non-executive director at Zurich Insurance Group Ltd, Paccar Inc, a Fortune 500 company and a senior advisor at Evercore Partners. She has recently joined the supervisory board of the Frankfurt listed German chemicals company, BASF and is a trustee of The British Library Trust. Dame Alison undertakes a variety of mentoring activities in the UK and overseas. She was appointed a Dame in the 2014 New Year Honours for her services to business. Skills, competencies and experience Dame Alison has over 30 years’ international finance, investment banking and board experience. Having held board positions at leading international companies in both executive and non-executive capacities across industries and sectors in the UK and overseas, she brings substantial financial, strategic and leadership experience. Committees Dame Alison is Chairman of the Nominations Committee and a member of the Remuneration Committee.

Kevin was appointed to the Board as a Non-executive Director in April 2008 and was appointed Senior Independent Director in April 2012. Age: 49 Career Kevin is a chartered accountant who trained with Arthur Andersen. He has held several senior finance positions and had been the Group Finance Director of Kingfisher plc since 2008 until his appointment to a key international role as CEO of the B&Q and Koçtaş businesses in China, Turkey, Germany and the UK in 2012. He assumed direct leadership of B&Q UK & Ireland in October 2013, and is Deputy Chairman of Kingfisher’s joint venture in Turkey, Koçtaş. His previous roles include Group Finance Director of Dixons Retail plc, and European Finance Director for The Quaker Oats Company. Skills, competencies and experience Kevin brings extensive knowledge and experience of UK and international retail and of managing a multi-jurisdictional business. He has significant recent and relevant financial experience gained from a number of CFO positions. Committees Kevin chairs the Audit Committee and is a member of the Nominations Committee.

Governance

Land Securities Annual Report 2014

43 STRATEGIC REPORT

Cressida Hogg CBE Non-executive Director

Edward Bonham Carter Non-executive Director

Chris was appointed to the Board as a Non-executive Director in August 2009. Age: 65 Career Chris is a chartered surveyor and Chairman of Orchard Street Investment Management LLP, a specialist UK commercial property investment manager. He is also a non-executive director of The Crown Estate and a Wilkins Fellow of Downing College, University of Cambridge. He has previously served as Managing Director of Haslemere NV, Chairman of Jones Lang Wooton Fund Management, President of the British Property Federation and Chairman of the Bank of England Property Forum. Skills, competencies and experience A property investment specialist, Chris has many years’ experience in the commercial property industry in the UK and abroad, working through a number of property market cycles. He has substantial knowledge of property finance and investment in particular and of the wider property market. Committees Chris is a member of the Nominations and Remuneration Committees.

Stacey joined the Board as a Non-executive Director in January 2012. Age: 56 Career Stacey is a Director Emeritus of McKinsey & Company where she served clients in the US and internationally for 24 years. Whilst there she co-founded the New Jersey office and was the first woman to be appointed as an industry practice leader. She was a leader in the firm’s Retail and Consumer Goods Practices, served as the head of the North American Retail and Apparel Practice and acted as the Global Retail Practice Convener. She retired from McKinsey & Company in September 2010 and has pursued a portfolio career. Stacey is currently a non-executive director of Ann Inc, (an American listed women’s speciality apparel retailer) and the Fiesta Restaurant Group which is listed on NASDAQ. Skills, competencies and experience A retail specialist with many years’ experience of the sector in the US and internationally, her career with McKinsey saw her consult to a wide range of retailers, apparel wholesalers and consumer goods manufacturers. She brings extensive international retail, and consumer goods industry experience and insights. She also brings knowledge of the leisure and grocery sectors to the Board.

Simon was appointed to the Board as a Non-executive Director in August 2010. Age: 56 Career A senior figure within the private equity industry, and a Trustee of the University of Pennsylvania and The Tate Foundation. Simon has had a successful and broad ranging career in investment banking, consulting and private equity. He started his career at Chase Manhattan before moving to Bain & Company. He left there in 1988 to join Bankers Trust as a Vice President, then in 1990 joined BC Partners, a private equity firm where he stayed for 17 years, rising to Managing Partner. Simon then became Chairman of the private equity firm Centerbridge Partners Europe, a post that he held until 2013. He is an MBA graduate of The Wharton School, Pennsylvania. Skills, competencies and experience Simon brings considerable experience in the management of a wide range of businesses. He has particular expertise in international finance and investment, investor issues and the governance of companies. Committees Simon is Chairman of the Remuneration Committee and a member of the Nominations Committee.

Cressida joined the Board as a Non-executive Director on 1 January 2014. Age: 44 Career Until recently, Cressida was with 3i Group plc having joined them in 1995 from JPMorgan. She co-founded 3i’s infrastructure business in 2005 becoming managing partner in 2009. Whilst managing partner, 3i’s infrastructure team acted as Investment Adviser to 3i Infrastructure plc, a FTSE 250 investment company. Cressida advised on all of 3i Infrastructure’s transactions since its flotation in 2007. She has recently been appointed to lead the infrastructure investment programme of a major Canadian pension fund. Cressida was a member of the advisory board for Infrastructure UK, the UK government’s unit of HM Treasury that works on the UK’s long-term infrastructure priorities and was made a CBE in 2014 New Year Honours. Skills, competencies and experience Cressida brings extensive finance and private equity knowledge together with senior executive and management experience. She has particular awareness of significant UK and overseas infrastructure projects, asset acquisitions and investment oversight. Committees Cressida is a member of the Audit Committee.

Edward joined the Board as a Non-executive Director on 1 January 2014. Age: 53 Career Edward was appointed Group Chief Executive of Jupiter Fund Management plc in June 2007 and became Vice Chairman in March 2014. Edward joined Jupiter in 1994 as a UK fund manager after working at Schroders between 1982 and 1986 and Electra Investment Trust between 1986 and 1994. He held the role of Chief Investment Officer from 1999 to 2010. He led the company through a management buy-out from previous owners Commerzbank in 2007, and oversaw the firm’s listing on the London Stock Exchange in 2010. Skills, competencies and experience Edward has substantial executive management and listed company experience. He has held senior leadership positions at Jupiter, having been both Chief Investment Officer and Chief Executive respectively. He has particular expertise in active fund management and many years of experience in investment markets. Committees Edward is a member of the Remuneration Committee.

Committees Stacey is a member of the Audit Committee.

Additional information

Simon Palley Non-executive Director

financial statements

Stacey Rauch Non-executive Director

GOVERNANCE

Chris Bartram Non-executive Director