Peter Cleary committed suicide after becoming stressed about a possible restructuring of his department at Land Securities, an inquest into his death heard this week.

Cleary, who was concerned over his role in the company following the announcement it would demerge into three separate businesses, jumped in front of a train at Farringdon station on March 3 this year.

Cleary, 50, had recently been told he would not be taking full control of the Land Securities retail development division. ‘We did not see Peter being responsible for all the areas involved,’ said Angela Williams, head of human resources at Land Securities.

‘He was still a key part of the business but someone else would move to be more senior.

‘He said he was supportive of the change but was concerned about his profile in the market and how that would be presented externally.’

The inquest heard that the last email Cleary had received was from the company's chairman, Paul Myners, congratulating him on his work with the Princesshay shopping centre in Exeter.

‘Peter was a loyal and well respected employee who worked for the company for more than 20 years,’ said a statement from Land Securities. ‘His death was a terrible tragedy and he continues to be deeply missed.

‘We wish to express our most sincere condolences to his family.’

St Pancras coroner Dr Andrew Reid recorded a verdict that Cleary ‘took his own life'.