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.”
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by RTT Staff Writer
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