John Burns, the founder of Derwent London, is set to step down from his role as chief executive to become non-executive chair of the property company.
The move follows the retirement of Robert Rayne as non-executive chairman next May, after twelve years in the role. Burns will step into the chair for a two-year term, after which Derwent will appoint an independent chairman. He founded the company, then called Derwent Valley Holdings, in 1984.
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