Business
Custodian Property Income REIT plc: Appointme...
Custodian Property Income REIT plc: Appointme....
About this update from Custodian Property Income Reit Plc
[{"type":"text","content":"\n \n \n \n\n\nCustodian Property Income REIT plc (CREI)\n\n\n\n\n\n\nCustodian Property Income REIT plc: Appointment of Non-Executive Director 09-May-2023 / 07:00 GMT/BST\n\n\n\n \n\n\n9 May 2023\n\n \n\nCustodian Property Income REIT plc\n\n \n\n(“the Company”)\n\n \n\nAppointment of Non-Executive Director\n\n \n\nCustodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the appointment of David MacLellan as an Independent Non-Executive Director of the Company, with effect from today. David will join the Company’s Nominations and Management Engagement Committees. \n\n \n\nThe Board anticipates David’s appointment as Chair of the Company, with effect from 8 August 2023, following David Hunter’s expected retirement at the Company’s Annual General Meeting that day. \n\n \n\nDavid MacLellan has over 35 years’ experience in private equity and fund management and an established track record as Chair and Non-Executive director of public and private companies. During his executive career David was an Executive Director of Aberdeen Asset Management plc (“Aberdeen”) following its purchase of Murray Johnstone Limited (“MJ”) in 2000. At the time of the purchase he was Group Managing Director of MJ, a Glasgow based fund manager managing inter alia closed and open ended funds, having joined MJ’s venture capital team in 1984. Prior to joining MJ he qualified as a Chartered Accountant at Arthur Young McLelland Moores (now EY).\n\n \n\nDavid is currently Chair and Managing Partner of RJD Partners (“RJD”), a private equity business; Non-Executive Director and Audit Committee Chair of J&J Denholm Limited, a family owned business involved in shipping, logistics, seafoods and industrial services; and Non-Executive Director and Audit Committee Chair of Aquila Renewables plc, an investment trust. \n\n \n\nDavid is former Chair and Senior Independent Director (“SID”) of John Laing Infrastructure Fund, a FTSE 250 investment company, former Chair of Stone Technologies Limited, former Chair of Havelock Europa plc and former Non-Executive Director of Maven Income & Growth VCT 2 plc. He was also Chair of Brit...