Land Securities lines up Channel 4’s Cheshire as next chairman |


0

Land Securities Group, the FTSE-100 property owner, is lining up one of Britain’s most prominent boardroom figures as its next chairman.

Sky News has learnt that Sir Ian Cheshire, the chairman of Channel 4 and Spire, the private hospital operator, has emerged as the leading candidate to replace Cressida Hogg as Landsec’s chairman.

People close to the process said an appointment was likely as soon as this month.

Landsec owns nearly 50% of Bluewater, the vast shopping centre in Kent, as well as the famed Piccadilly Lights advertising screens at Piccadilly Circus in central London and swathes of commercial property in the West End and City.

Sir Ian would be a logical choice to chair one of the UK’s biggest commercial landlords, having run major retailers during his executive career, including Kingfisher, the owner of DIY chain B&Q.

He also chaired Debenhams, the department store group, before being forced out by Mike Ashley, the high street tycoon whose Sports Direct International was the company’s largest shareholder.

His other boardroom roles have included chairing Barclays UK, a non-executive directorship at Whitbread, the hotels and restaurants operator, and serving as the government’s lead independent director.

Sir Ian became chairman of Channel 4 nine months ago, and has been heavily involved in the broadcaster’s discussions with the government about its now-abandoned privatisation.

The search for Ms Hogg’s successor has been led by Edward Bonham-Carter, the former Jupiter fund management chief, who sits on the board of Landsec as its senior independent director.

Ms Hogg is leaving to take the chairmanship of BAE Systems, Britain’s biggest defence contractor.

One insider said that Sir Ian, who is also a non-executive director of BT Group, may elect to relinquish one or more of his other boardroom posts if his appointment at Landsec is confirmed.

Under Mark Allan, its chief executive since 2020, the commercial landlord has accelerated the…


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
khbrknews.com

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format