Landsec has appointed Cressida Hogg, the former global head of infrastructure at the $350bn Canada Pension Fund Investment Board, as its new chair.
Hogg, who joined the developer’s board in January 2014, was appointed following a selection process that included external candidates.
She will assume the non-executive role at the conclusion Landsec’s AGM on 12 July when Dame Alison Carnwath retires after 14 years on the board, and nine years as chairman.
Hogg began her career at JP Morgan before joining 3i Group, first in private equity and then co-founding its infrastructure business.
From 2009 to 2014, as managing partner, she was responsible for managing 3i Infrastructure, a FTSE250 investment company.
She was global head of infrastructure at CPFIB, managing a portfolio of investments worth around £16bn, from 2014 to April 2018.
Hogg has extensive board experience, including most recently on the boards of Anglian Water Group and Associated British Ports.
Commenting on the appointment, she said: “In a changing world, Landsec has a clear purpose and an exciting portfolio and I look forward to working more closely with its strong management team.
“I would like to thank Alison on behalf of the board for her leadership, wisdom and commitment during her 14 years on the board, and nine years as chairman.”
Dame Alison said: “It’s been a privilege to be chairman for the past nine years.
“During this time, Landsec has emerged from the depths of the financial crisis and delivered standout new destinations including One New Change, Trinity Leeds, 20 Fenchurch Street, Westgate Oxford and the transformation of Victoria.”
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