Energiser boss Dominic White leaves to run KCR

Energiser Investments chief executive Dominic White is stepping down to concentrate on running KCR Residential, one of the company’s property investments.

White will leave Energiser’s board on 1 September to focus on his other role as CEO of KCR. Energiser owns almost 25% of KCR.

AIM-listed Energiser said it would use the coming weeks to ensure a smooth handover and to appoint another independent director. White’s departure will leave non-executive chairman Stephen Wicks and executive director Nish Malde on Energiser’s board.

Wicks said: “Dominic has raised capital and sourced and negotiated a number of transactions in the serviced apartments, self-storage and property fintech sectors. Since he joined, Energiser sold a portfolio of properties, worked out its development funding contracts, invested in a loan asset in Croydon and invested in KCR Residential REIT. I would like to thank Dominic for his contribution to the company.”

KCR raised £3.15m in March, including from Energiser, to buy blocks of rented studios and flats at discounts to their market value.