British Land's chief financial officer Lucinda Bell is stepping down from the board leaving the company in April next year.
Bell was appointed to the Board in March 2011, becoming Chief Financial Officer in May 2011.
UK REIT British Land said it will now commence a search for a successor and will make an announcement in due course.
'As CFO Lucinda has been instrumental in strengthening the balance sheet and reorganising our finances so we have a strong platform for the future. I am pleased that she will continue to play an active role as we prepare an orderly handover to her successor,' commented CEO Chris Grigg.
Her departure comes just after British Land's debut Sterling bond issue in September. The UK REIT raised £300 mln (€327 mln) with the bond issue, at a coupon of 2.375% for 12 years.
