Land Securities has appointed three new non-executives as part of its plan to split into three separate companies.
Sir Christopher Bland joins the Land Securities group board as a non-executive director and will assume the role of chairman of Trillium.
His role on the group board of Land Securities will continue until the time of demerger or sale of Trillium. Bland’s recent roles include chairman of BT and achairman of the board of Governors at the BBC.
Rick Haythornthwaite joins the board of the group as a non-executive director and will assume the role of chairman of the retail business following demerger..
Haythornthwaite is currently chairman of Mastercard, chairman of the Risk and Regulation Advisory Council and partner at Star Capital Partners.
Three independant companies
Kevin O’Byrne, group finance director of DSG International, joins the board of the group. He was previously chief financial officer for Hemscott Publishing Group and European finance director for The Quaker Oats Company.
Sir Win Bischoff steps down as a non-executive director and Paul Myners will assume the role of chairman of the London business at demerger.
Myners said: ‘All three appointments are excellent additions to the board both for our business today and for our planned demerger. Each business will be of a scale to be at the forefront of their sectors and these appointments are a testament to the strength of the businesses and our confidence in the success they will have as independent companies.
He added: ‘These appointments demonstrate that we are making progress on our demerger plans and mean that when these companies become independent businesses, they will have the right balance of experience, energy and expertise on their boards to make an immediate impact.’