UK REIT British Land has hired Logicor's Simon Carter as its new chief financial officer (CFO). This marks Carter's second stint with British Land.
Carter is currently chief financial officer at Logicor and previously served as finance director at Quintain Estates & Development. Prior to Quintain, Carter spent just over ten years at British Land in a variety of financial and strategic roles and was a member of the executive committee from 2012.
British Land CEO Chris Grigg said, 'We are delighted to welcome Simon back to British Land. In his roles at Quintain and Logicor he has gained a very broad perspective and significant leadership experience and expertise. During his previous time with the company, he was an incredibly capable and experienced member of our senior team, contributing to the company's development through a number of roles including treasury, corporate finance, and strategy.'
Cater succeeds Lucinda Bell who, as previously announced, intended to step down from the board and leave the company on 4 April 2018. Now that the search for a replacement CFO has been completed, Bell is stepping down down from her role as a main board director as well as her day-to-day responsibilities as CFO with immediate effect.
British Land has established a team to manage the transition to a new CFO. This is made up of the three executive directors and senior members of group finance including the financial controller and head of investor relations. This transition team will assume responsibility for the year end process and ongoing group finance functions, until Carter takes up his role. His start date will be announced in due course, the UK REIT said.
