Landsec has named Channel 4’s Sir Ian Cheshire as its chair designate and an independent non-executive director, succeeding Cressida Hogg.
Cheshire will join the board as non-executive director on 23 March. He will take up the role on 16 May, when Hogg retires.
Hogg has held the chair role for nearly five years and sat on the board for more than nine years. She was appointed as the next chair of BAE Systems last year.
As well as Cheshire’s role as chair at the broadcaster, he is chair of Spire Healthcare Group, UK investment trust Menhaden Resource Efficiency and serves as non-executive director at BT Group.
He will step down from the chair position at Menhaden, where he will remain as a non-exec, and will retire from BT Group at its annual general meeting in July to ensure he has sufficient capacity to act as chair of Landsec.
Cheshire also chairs the Prince of Wales’ charitable fund and corporate climate change coalition We Mean Business.
His executive career was spent in retail, customer-focused businesses in senior leadership and commercial roles, latterly as group chief executive of Kingfisher from 2008 to 2015. He previously held FTSE 100 non-executive director roles at Barclays and Whitbread.. He was also lead non-executive director at the UK Cabinet Office and Department for Work and Pensions.
Hogg said: “On behalf of the board, I am pleased to be welcoming someone of Sir Ian Cheshire’s calibre as my successor. He brings extensive and valuable executive and non-executive experience across a range of sectors. I know he will provide the board with strong and effective leadership and will be a great support to [chief executive] Mark [Allan] and our management team, who welcome his appointment.”
Cheshire said: “Landsec has clear strategic and operational momentum and I look forward to working with Mark, the board and the management team to continue executing this strategy and to ensure we are well positioned to take advantage of opportunities that emerge in UK property markets in the years ahead.”
To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews
