Business
New Board Appointments
New Board Appointments.
About this update from Land Securities Group Plc
[{"type":"text","content":"\n \nRNS Number : 6140W Land Securities Group PLC 15 November 2017 \n\nThe following amendment has been made to the 'New Board Appointments' announcement released on 14 November 2017 at 0702 under RNS No 3758W.\n \nParagraph 5 - Dame Alison Carnwarth corrected to Dame Alison Carnwath. \n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n15 November 2017\nLand Securities Group PLC (\"Landsec\")\n \nNew Board Appointments\n \nLandsec is pleased to announce that Colette O'Shea (Managing Director, London Portfolio) and Scott Parsons (Managing Director, Retail Portfolio) will be appointed to the Board with effect from 1 January 2018.\n \nColette O'Shea joined Landsec in 2003 and was appointed Head of Development in 2008. She assumed her current position in 2014. Prior to joining Landsec, she was Head of Estates at The Mercers' Company. Colette has been responsible for the successful delivery of Landsec's recent 3m sq ft speculative development programme in London as well as Landsec's award winning Community Employment Programme which has secured employment for more than 1000 disadvantaged people since its launch in 2011. She is a member of the Mayor of London's Local Enterprise Partnership and formerly a non-executive director of the Genesis Housing Association.\n \nScott Parsons re-joined Landsec in 2010 and was appointed to his current role in 2013. Prior to re-joining Landsec, he held leadership positions at GE Capital, Brookfield Asset Management and Lloyds Banking Group. Scott has been responsible for overseeing the transformation of Landsec's retail portfolio over the last four years under the themes of dominance, experience and convenience. He is a Trustee of LandAid.\n \nThe remuneration packages for both Colette O'Shea and Scott Parsons are consistent with the Company's remuneration policy as detailed in the 2017 Directors' Remuneration Report and approved by shareholders in 2015. Both receive a basic annual salary of £415,000. For 2017/18, they have an annual bonus opportunity of up to 125% of salary, subject to performance conditions being met. They also received grants in July under the Company's Long Term Incentive Plan and these awards will vest (subject to performance conditions being achieved) in 2020. Wi...