Canary Wharf Group chief executive George Iacobescu is to add chairman to his responsibilities following the retirement of Sir Martin Jacomb.
Jacomb today said that he was retiring as a director and standing down as chairman with immediate effect.
The board has agreed to appoint Iacobescu chairman and chief executive.
Jacomb has been a director of Canary Wharf Group since 1999, including the past seven years as chairman.
He said: “During my 12 years on the board, seven as chairman, Canary Wharf has almost trebled in size and has proved an outstanding success for London and the UK. I am confident that the company is in safe hands and is well positioned to deliver further development and growth”.
samantha.mcclary@estatesgazette.com
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