Landsec has named Grainger’s Vanessa Simms as its new chief financial officer, replacing Martin Greenslade in the role.
Simms has been chief financial officer at Grainger since 2016. She is also non-executive director and audit committee chair at Drax Group.
Before that, Simms held a number of senior positions at other UK property companies, including deputy chief financial officer at Unite Group and UK finance director at SEGRO.
Simms is expected to join the business as an executive director at Landsec by 1 June 2021.
Her pay package includes a base salary of £490,000 and benefits including a car allowance, or equivalent cash supplement, of £12,000, as well as eligibility for private health care, life assurance of 4x base salary and ill health income protection of up to 66.7% base salary.
She will also be required to build up and maintain a minimum shareholding equal to 200% of base salary.
Mark Allan, chief executive of Landsec, pointed to Simms’ experience in delivering “strategic change and business transformation at Grainger in recent years”.
Simms said: “Mark and his colleagues set out a compelling strategy and vision at their recent capital markets day and I am very much looking forward to being part of the Landsec team that will deliver that strategy.”
A further announcement will be made in due course to confirm Martin Greenslade’s leaving date.
Helen Gordon, chief executive of Grainger, said: “She has been a key member of the Grainger team in the successful development of our PRS strategy. We wish her all the best for the future in her new role.”
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