It has recently been announced that Land Securities’ Chief Executive, Francis Salway, is to step down from his position and will be replaced by Robert Noel, currently Managing Director of the company.
Salway has fond memories of Land Securities and states, “I have had a wonderful eight years as Chief Executive of Land Securities, and I am delighted that our achievements as a Board include a smooth succession process. The business is in very good shape and has strong leadership for the future. From a personal perspective, I now have the opportunity to fulfil my plan to take on a new challenge for the balance of my career.”
After 8 years at Land Securities, Salway will leave on the 31st of March 2012. Throughout his time there, he has succeeded in developing the company’s strong customer focus, has delivered 8 million square feet of development projects and has outperformed the index for commercial UK property.
Robert Noel, who will reportedly be receiving a salary of £680,000, says, “I am delighted to be asked to take over as Chief Executive of Land Securities. The business enters 2012 well positioned with high quality assets, a strong balance sheet and an excellent team. We will build on these strengths and I am looking forward to working with my colleagues to make the most of the opportunities ahead.”
Noel has been Managing Director for Land Securities since joining the company in 2010 after he spent time as a Property Director for Great Portland Estates. He has so far embraced his role and has achieved many things throughout his time. Achievements include negotiating partnerships on key projects such as 20 Fenchurch Street, EC3, starting several major developments, bringing about a focus on lengthening and strengthening income and successfully releasing capital from sales of schemes such as Park House, W1.
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