Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Hammerson Appoints David Tyler To Succeed John Nelson As Chairman - Quick Facts

UK-based real estate investment trust Hammerson Plc (HMSO.L) on Monday announced that David Tyler will join the Board with immediate effect and will be appointed as Chairman immediately after the Annual General meeting.

Tyler succeeds John Nelson, who will retire as Chairman of the company at its AGM on May 9.

Tyler is currently Chairman of Sainsbury(J) PLC's (SBRY.L,JSAIY.PK) and a Director of Burberry. He recently retired as Chairman of Logica following its acquisition by CGI. Prior to embarking on a non-executive career in 2007, he was the Finance Director of GUS for ten years.

He began his career in financial and commercial management in Unilever where he qualified as an accountant.

Nelson said, ""After nine years at Hammerson, and having taken up the Chairmanship of Lloyd's of London, I informed the Board during the course of last year that I wished to retire at the next AGM. I am so pleased that David Tyler will be succeeding me; he is exactly the right candidate. Hammerson has a clear strategy with high-quality retail property, excellent built-in growth prospects, and one of the strongest management teams in the sector."

Click here to receive FREE breaking news email alerts for Hammerson PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A ban on athletes using stamina-boosting gases - xenon and argon - came into effect on Monday. The World Anti-Doping Agency (WADA) said Hypoxia-Inducible Factor (HIF) activators Xenon and Argon have been added to the 2014 List of Prohibited Substances and Methods List following the required three-month notice period and UNESCO's communication to all States Parties. A recommendation to revise the British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4. Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.