Hammerson Plc (HMSO.L,HMN.JO), a British property development and investment company, said on Thursday that its Chief Financial Officer, Himanshu Raja, plans to retire from his role after serving the company for five years. He will step down as CFO and as a director on August 12, after the company publishes its results for the six months ending June 30, 2026.
The company said that although he is stepping down, Raja will remain employed for the next 12 months to help ensure a smooth transition. During this time, he will be available to support the handover process. Richard Shaw, currently Deputy CFO, will take over as Interim CFO once Raja steps down, it added.
The Board will begin a formal recruitment process to find a permanent replacement, considering both internal and external candidates. Updates on the appointment will be shared in due course, Hammerson Plc added.
Commenting on the developments, Rob Wilkinson, Chief Executive Officer of Hammerson, said, "Hammerson's FY25 results are a testament to the hard work and exceptional execution of the Hammerson team over the last five years. Himanshu has been an outstanding CFO over that period, leaving the Group well placed for the next phase of growth. I would like to personally thank him for his support and continued commitment to Hammerson's success."
On the LSE, HMSO.L ended Wednesday's trading at 325.60 pence, down 10.80 or 3.2 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.