Segro chief operating officer to retire

Segro stated that the search for potential successors will be undertaken shortly and noted that an announcement concerning the date of Gulliford's retirement will be made in due course, allowing for an orderly transition of his responsibilities.

Chief executive David Sleath said: "Andy Gulliford joined the business in 2004 and has held a variety of important executive roles, culminating in his being appointed chief operating officer in 2011 and joining the board in 2013.

"He has played a vital role in the growth and success of the company, particularly over the past decade. At a personal level, he has provided tremendous support to me and the board and, throughout the organisation, he is regarded as a wonderful colleague to work with. He will retire with our very best wishes for the future."

As of 0815 BST, Segro shares were down 1.88% at 833.80p.

Reporting by Iain Gilbert at Sharecast.com