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Landsec names new chairman

Landsec, the commercial property and shopping centre owner, has appointed Cressida Hogg as non-executive chairman.

SHOPPING CENTRES & RETAIL PARKS

Landsec names new chairman

Landsec, the commercial property and shopping centre owner, has appointed Cressida Hogg as non-executive chairman.

Due to take up her new role on completion of the firm’s AGM on 12 July, Hogg will succeed Dame Alison Carnwath who will be retiring from the board at the same time.

Hogg joined the Landsec board in January 2014 and has been appointed as chairman following a selection process that included external candidates.

After starting her career at JP Morgan, Hogg worked for 3i Group, firstly in private equity and then as a co-founder its infrastructure business. She then became managing partner with responsibility for managing 3i Infrastructure, a FTSE250 investment company. From 2014 to April 2018, she was global lead of infrastructure at the $350 billion Canada Pension Fund Investment Board, managing a portfolio of investments worth around £16 billion.

Carnwath said, "It's been a privilege to be chairman for the last nine years. During this time, Landsec has emerged from the depths of the financial crisis and delivered standout new destinations including One New Change, Trinity Leeds, 20 Fenchurch Street, Westgate Oxford and the transformation of Victoria. I am delighted that the board has appointed Cressida to be Landsec's next chairman. She has all the skills required to lead the business through its next stage."

Landsec’s shopping centre portfolio also includes the likes of Bluewater, Gun Wahrf Quays, The Galleria, Lakeside and St David’s.

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