The chief financial officer of Palace Capital will leave the company later this year.
Stephen Silvester will step down from the REIT’s board on 29 October, with head of finance and operations Matthew Simpson named finance director designate.
In a stock exchange statement on the change, the company said: “The board is in the process of reviewing the group’s cost base and will provide a further update on the appointment of a permanent successor in due course.”
Silvester joined Palace Capital in 2015 from NewRiver REIT, where he was group financial controller. During his time at Palace Capital he has worked on initiatives including securing its premium listing on the main market of the London Stock Exchange and its 2019 conversion to a REIT.
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