Town Centre Securities’ finance boss, Mark Dilley, is to leave the business at the end of this month, the property investor announced this morning.
The London-listed company said the move was part of a wider push to “reset and reinvigorate the business”, after a swathe of retail asset sales and amid the ongoing disruption created by the pandemic.
Dilley, who has been in the role for three-and-a-half years, will go on gardening leave on 28 February. He said it was “absolutely the right time for TCS to revisit its board make-up and for me to consider the next stage in my career”.
The company, which announces its interim results next week, has kicked off a search for his successor.
Chief executive Edward Ziff said: “I would like to thank Mark for his contribution and support during his time with the company.
“Mark has been invaluable during a period of significant change for TCS, both in his careful management of our financial position and his valuable insight into our future direction.
“I am particularly grateful for his support and hard work during the extremely challenging past 12 months.”
During his time in the role, Dilley has focused on improving investor relations, as well as helping drive the firm’s refinancing of a number of properties, including Merrion House in Leeds and its Burlington House private rental joint venture development in Manchester.
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