Business
Board Changes
Board Changes.
About this update from Alina Holdings Plc
[{"type":"text","content":"\n RNS Number : 7318Y Local Shopping REIT (The) PLC 09 September 2009 \n \n\nThe Local Shopping REIT plc\nBOARD CHANGES\n\n(London: 9 September 2009) - The Local Shopping REIT ('LSR' or the 'Company'), a UK real estate investment trust focused on investments in local shopping assets, announces the appointment of Stephen East as a Non-Executive Director with effect from 10 September 2009. \n\nMr East will become the Company's senior Non-Executive Director, chairing the board's Audit and Nomination Committees and sitting on the Remuneration Committee. He replaces Andrew Cunningham who, having served on the board since the Company's inception, has decided to resign from the LSR board to focus on other business activities, also with effect from 10 September 2009.\n\nStephen East (51) was the Finance Director of Woolworths Group plc from 2005 to 2008, responsible for the overall finance function of the group, and a member of its retail business' executive committee, with specific responsibility for its finance and property functions. Prior to that, he worked at MEPC plc, where he held the position of Finance Director of MEPC from 1999 to 2003. From 2004 to 2008, he was a Non-Executive Director at Star Energy Group plc and was a Non-Executive Director of Regus Group plc from 2005 to 2008. Earlier in his career, he worked at Redland PLC from 1983 to 1996, becoming Group Treasurer in 1987, having joined the business from Binder Hamlyn where he had qualified as a Chartered Accountant.\n\nGrahame Whateley, LSR's Chairman, commented:\n\n'We are delighted to welcome Stephen to the Board. His deep knowledge and experience of the retail and property sectors will be of enormous benefit to LSR during this next exciting stage in the Company's evolution.\n\n'I would also like to take this opportunity to thank Andrew Cunningham for his considerable contribution to LSR, in particular during its flotation in 2007 and the subsequent challenges of the last two years, and to wish him every success in the future.'\n\nThe following information is disclosed in respect of Stephen East pursuant to Listing Rule 9.6.13R:\n\nStephen ...