Philip Yea, the man who this week withdrew his name from the list of candidates to be the next chief executive of British Land, has been confirmed as the new chief executive of Bahrain-listed investment group 3i.
The Financial Times writes that while BL may be embarrassed to have lost out on Yea’s services, “these things happen, and the delay [in finding a chief executive to replace John Ritblat] will not have any impact on the company’s performance”.
References: Financial Times 15/05/04 page M2, Daily Telegraph 15/05/04 page 31, The Times Business 15/05/04 page 60, The Guardian 15/05/04 page 29
