McKay Securities has promoted Tom Elliott to executive director with effect from 1 April as part of a number of changes to its board.
Elliot (pictured) joined the South East-based industrial and office REIT in September 2016 as property director following 11 years with Land Securities, most recently as head of investment, London. Prior to his role at Land Securities, he qualified as a chartered surveyor while working for Knight Frank.
Viscount Lifford will retire from the board and its committees in September 2017. Jon Austen, who joined the board in July 2016 and is currently chief financial officer of Audley Court and former group finance director of Terrace Hill and Urban&Civic, will succeed Viscount Lifford as senior independent director with effect from 1 April.
Jeremy Bates will succeed Nigel Aslin, who will retire from the board in May 2017, as chairman of the nomination committee with effect from 1 April.
Richard Grainger, chairman of McKay, said: “Tom Elliott’s promotion to the board reflects not only the strength of his own experience and capabilities, but also the business’s development to date and momentum that exists within McKay.
“Today we also announce the stepping down of Viscount Lifford, who has sat on the board for more than 10 years, and we wish to thank him – together with Nigel Aslin who has also recorded more than a decade on the board – for their wise counsel and strong contributions over the years.
“Jon Austen will now become senior independent director while we also confirm that Jeremy Bates will succeed Nigel Aslin as chairman of the nomination committee when he retires from the board in May.”
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