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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Hammerson plc    HMSO   GB00BK7YQK64

HAMMERSON PLC

(HMSO)
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Hammerson : Chief Executive appointment

09/30/2020 | 03:10am EST

Hammerson plc (the Company)

Directorate Change

30 September 2020

This announcement contains inside information.

Hammerson plc ('Hammerson') is pleased to announce the appointment of Rita-Rose Gagné as Chief Executive Officer ('CEO') and Executive Director.

Ms Gagné was most recently President of Growth Markets at the global real estate company Ivanhoé Cambridge where she had responsibility for $7.6bn of real estate assets across Asia Pacific and Latin America.

She joined Ivanhoé Cambridge in 2006 and held a variety of roles from Senior Vice President, Legal Affairs and General Counsel at Société immobilière Trans-Québec (SITQ) to Executive Vice President of Global Strategy, Portfolio Management and Investment Funds at Ivanhoé Cambridge. As Executive Vice President, Rita-Rose was tasked with developing, leading and executing the investment strategy in Asia and Latin America, prior to being made President of Growth Markets.

Ms Gagné is also a lawyer and holds an MBA from McGill-HEC Montreal. During her career, she has worked in property markets across the world, including the UK, France and Germany, and her expertise spans across various asset classes and mixed-use assets, including residential, retail, office and logistics.

It is anticipated that she will take up her new role with Hammerson before the end of the year. David Atkins will continue to serve as CEO until Ms Gagné joins the Company.

Robert Noel, Hammerson, Chair of the Board, said: 'I am delighted that Rita-Rose will join Hammerson as our next CEO. She has an excellent track record in international real estate investment, building high-quality teams, developing strategic partnerships, execution and delivering results. On behalf of the Board, and all colleagues in the business, I look forward to welcoming Rita-Rose to Hammerson and working with her when she joins.'

Rita-Rose Gagné, added: 'The retail and real estate sectors are going through a period of unprecedented change which makes this a very exciting time to be joining the business. I look forward to working with Hammerson's experienced team and all its stakeholders to both navigate through the challenges but also seek out the opportunities to create value moving forward.'

Rita-Rose Gagné's terms on appointment:

Rita-Rose Gagné's employment terms will be in line with Hammerson's Directors' Remuneration Policy (the 'Remuneration Policy'), which has been approved by shareholders. Her gross annual salary will be £672,000 and her pension allowance will be 10% of base salary. Upon joining, she will receive a Restricted Share Scheme award of 150% of salary in line with the Remuneration Policy. She will receive a gross relocation allowance of £400,000 in line with the Remuneration Policy.

There is no buyout of or compensation for previous remuneration packages. Full details will be disclosed in the 2020 Directors' Remuneration Report.

There are no other matters to disclose under Listing Rule 9.6.13.

Ends

Disclaimer

Hammerson plc published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 07:09:07 UTC


© Publicnow 2020
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Sales 2020 277 M 378 M 378 M
Net income 2020 -1 461 M -1 994 M -1 994 M
Net Debt 2020 2 225 M 3 036 M 3 036 M
P/E ratio 2020 -0,12x
Yield 2020 7,79%
Capitalization 925 M 1 268 M 1 263 M
EV / Sales 2020 11,4x
EV / Sales 2021 10,7x
Nbr of Employees 553
Free-Float 82,9%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 28,12 GBX
Last Close Price 22,80 GBX
Spread / Highest target 295%
Spread / Average Target 23,3%
Spread / Lowest Target -43,0%
EPS Revisions
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NameTitle
Rita-Rose Gagné Chief Executive Officer & Executive Director
Robert Montague Noel Non-Executive Chairman
Grégoire Peureux Chief Operating Officer
James Lenton Chief Financial Officer & Executive Director
Judy Mary Gibbons Independent Non-Executive Director
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