13 April 2017
London
Reporter: Theo Andrew

Ford to step down in Capital & Regional re-shuffle


Ken Ford is to step down from the board of Capital & Regional at its annual general meeting on 9 May 2017.

Currently executive director, Ford will continue to work full-time on a number of key development initiatives until 31 December 2017, when he is expected to become advisor to the company.

Until then, he will work with Lawrence Hutchings, the incoming chief executive, in the handover of the trust.

Hutchings will join from Blackstone in Australia on 13 June 2017.

Ford said: “I’ve thoroughly enjoyed the last 20 years at Capital & Regional, however with our succession plans now firmly in place, I feel the time is right to step down from the board. I’m delighted to be able to continue to assist the business and provide support to our incoming CEO Lawrence Hutchings in realising the very strong potential within the company’s portfolio.”

Hugh Scott-Barrett, current chief executive of Capital & Regional, said: “Having been with Capital & Regional for 20 years, Ken Ford’s contribution to the development of the business cannot be overstated. Not only was he the driving force behind the very successful growth of the Mall Fund but he has also played a significant role in the reshaping of Capital & Regional since converting to a REIT at the end of 2014.”

“Ken Ford has built a strong team and I am pleased he will remain involved to help ensure a smooth transition and to support Lawrence Hutchings in the commencement of his role as chief executive. I would like to thank Ken Ford on behalf of all who work at Capital & Regional.”

Hutchings said: “I am delighted that Ken Ford will be staying involved and look forward to working with him in progressing some of the very exciting development opportunities that exist right across the portfolio.”

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