Landsec COO Colette O'Shea to step down

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Land Securities Group

580.00p

16:38 14/11/24

1.58%

9.00p

Landsec said on Friday that chief operating officer Colette O'Shea will be stepping down with effect from the end of March 2023 "as the business moves into the next phase of its growth strategy".

Real Estate Investment Trusts

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16:38 14/11/24

1.34%

28.24

The company said O’Shea has supported chief executive Mark Allan to develop and implement his growth strategy since 2020, establishing new structures and ways of working.

"As this strategy enters its next phase, there will be an increased emphasis on operational autonomy within business units, meaning the role of COO is no longer critical to its operations," it said.

Allan said: "Landsec has been incredibly fortunate to have someone of Colette's skills, focus and drive at its heart for such a period of time. Over her time with us, few people have done more to reshape our business, and with it, the city of London.

"Speaking personally, I am immensely grateful for all the support she has shown me, particularly as I joined at the start of the pandemic, which she helped us to navigate with typical clarity and compassion."