Landsec, one of the largest commercial property companies, is currently on the lookout for a new chair as its current chair and director, Cressida Hogg, plans to retire in the coming year. Hogg has been with Landsec since 2014, initially serving as a non-executive director and later taking on the role of chair in 2018. The process of finding her successor has already begun, with Landsec’s Nomination Committee, led by senior independent director Edward Bonham Carter, working with external consultants.
Hogg is expected to step down by Landsec’s next Annual General Meeting in July 2023. However, she has already been appointed as a non-executive director and chair designate of BAE Systems, a defense company. Her official appointment at BAE Systems will be subject to election at the company’s AGM in May of next year.
Mark Allan, the CEO of Landsec, expressed his gratitude towards Hogg for her invaluable contribution and leadership during her time at the company. He recognized the positive impact of her extensive business experience and highlighted the support and guidance she has provided since he became CEO two years ago.
Hogg herself expressed confidence in leaving the company in a strong position, with a capable leadership team and board. She looks forward to collaborating with her successor to ensure a smooth transition.
Finding a new chair for Landsec is crucial as the company continues to establish itself in the competitive commercial property market. With Hogg’s retirement on the horizon, the focus is on selecting an individual who can drive the company’s success and maintain its reputation.
Landsec owns and operates prestigious properties throughout the UK, including Bluewater, one of Europe’s top retail and leisure destinations. The new chair will be responsible for overseeing the company’s strategic direction, building strong relationships with stakeholders, and ensuring overall growth and prosperity.
As Landsec embarks on the search for a new chair, it emphasizes the importance of finding a candidate who can effectively lead the company and adapt to the changing landscape of the commercial property industry. The selection process will involve careful evaluation and consideration to identify a chair with the necessary skills, experience, and vision to guide Landsec towards continued success.
In conclusion, Landsec is commencing the process of appointing a new chair as current chair and director Cressida Hogg prepares to retire. The search for a successor is already underway, with Landsec’s Nomination Committee and external consultants leading the way. Hogg’s retirement opens up an opportunity for a new leader to contribute to Landsec’s ongoing growth and success. The company’s CEO, Mark Allan, expressed his gratitude towards Hogg, and Hogg herself is confident in leaving the company in capable hands. As Landsec searches for a new chair, finding an individual who can effectively steer the company and maintain its prominent status in the commercial property market is of utmost importance.
[Link 1: Landsec’s official website](https://www.landsec.com/)[Link 2: BAE Systems’ official website](https://www.baesystems.com/)
