British Land finance boss to leave firm
THE CHIEF financial officer of British Land plans to stand down from the board and leave the property company in April next year.
The company, which owns the Meadowhall shopping centre in Sheffield, said Lucinda Bell, who joined the board in March 2011 and was appointed CFO in May that year, intends to leave on April 4, 2018. British Land will now start looking for a successor.
Chris Grigg, chief executive of British Land, said: “We wish Lucinda well for the future and thank her for her significant contribution to the company over her time at British Land. As CFO she has been instrumental in strengthening the balance sheet and reorganising our finances so we have a strong platform for the future.”
British Land and Land Securities, both large holders of London office property, have seen the value of their assets fall since the country’s vote to leave the European Union last year.