NewRiver REIT appoints next chair

NewRiver REIT has appointed Lynn Fordham as chair and independent non-executive director, as Baroness Margaret Ford prepares to step down from the role. Fordham’s executive career has included roles as managing partner of Larchpoint Capital, a team of private equity professionals investing family capital. Before that, Fordham was chief executive and executive director of SVG Capital, the former FTSE 250-listed private equity investment vehicle. She has also held senior finance roles at Barratt Developments, BAA and Boots. In addition, Fordham is non-executive director and audit committee chair of NCC Group, Caledonia Investments, Domino’s Pizza Group, and non-executive director of Enfinium Group. She was previously non-executive director of VARO Energy and Fuller, Smith & Turner. Fordham’s appointment as chair designate took effect yesterday. She will also become a member of the nomination committee. Ford will leave the board on 30 May. Fordham said: “I was attracted to the role of chair because of the quality of NewRiver’s portfolio and operating platform, the strength of its balance sheet and the prospect of increasing shareholder value over the coming years.”