To view the PDF file, sign up for a MySharenet subscription.

INTU PROPERTIES PLC - Appointment of New Non-Executive Directors

Release Date: 07/10/2015 11:00
Code(s): ITU     PDF:  
Wrap Text
Appointment of New Non-Executive Directors

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:      ITU



INTU PROPERTIES PLC

Appointment of new non-executive directors


Intu Properties plc (“Intu”) announces that the Board has appointed two new non-executive Directors,
Rakhi Parekh and John Strachan. The appointments have been made to provide continuity and
expertise to the Board given that Neil Sachdev will not be seeking re-election at the 2016 AGM, having
served for nine years, and in 2017 Andrew Huntley will be retiring from the Board.

Rakhi Parekh is joining the Board with immediate effect and brings a wealth of experience from the
internet retail environment, her early career having included roles at TomTom, content management
software provider Article27 and for eleven years until 2014 at Amazon where she held a number of
key roles including responsibility for the Amazon UK Media category. Rakhi will bring an up to date
perspective on retail and consumer trends, as well as deep insight and knowledge of the digital
environment. Rakhi is a non-executive director of Rightmove plc and sits on Rightmove’s Audit and
Remuneration Committees.

John Strachan is also joining the Board with immediate effect. John is currently the Global Head of
Retail Services at Cushman and Wakefield where he is responsible for the leadership of around 500
professionals worldwide to deliver an operating plan and strengthen Cushman’s retail reputation with
the key international brands. John’s career commenced at Healey and Baker in 1972 where he rose
to become Head of UK and European Retail from 1996 to 2000. Healey and Baker was acquired by
Cushman and Wakefield in 2000. John brings a wealth of experience from the retail property sector,
an international perspective and extensive knowledge of the Spanish retail property market and has a
creative and entrepreneurial approach to developing new business opportunities.

Patrick Burgess, Chairman of Intu, commented: “on behalf of the Board of Intu, I am delighted to
welcome Rakhi and John to our Board. Both are highly regarded in their respective fields and I look
forward to their lively and valuable contributions to the Board’s deliberations and strategic vision.”

Neither Rakhi Parekh or John Strachan currently hold shares in Intu and there is no other information
required to be disclosed for each of them under Listing Rule 9.6.13R.


Contact:

Intu Properties plc
Patrick Burgess     Chairman                                                    +44 (0)20 7960 1263

David Fischel         Chief Executive                                           +44 (0)20 7960 1207

Public relations
UK:                   Justin Griffiths, Powerscourt                             +44 (0)20 7250 1446

SA:                   Frédéric Cornet, Instinctif Partners                        +27 (0)11 447 3030


Sponsor:

Merrill Lynch South Africa (Pty) Ltd


Notes for editors

Intu is the leading owner and manager of prime regional shopping centres in the UK.

A FTSE 100 company, Intu owns and operates many of the UK’s biggest and most popular retail and leisure
destinations, including nine of the top 20, incorporating super-regional centres such as intu Trafford Centre, intu
Lakeside and intu Metrocentre, together with a number of city centre locations from Watford to Newcastle.

With over 23 million sq. ft. of space hosting top UK and international retailers from Apple to Zara, Intu centres
attract some 400 million customer visits from over half of the UK’s population every year.

Intu has a UK investment pipeline of £1.5 billion over the next ten years to add 2.6 million sq. ft. of new retail and
leisure space, of which 1.7 million sq. ft. is already consented. Major projects due to be underway soon include
the extension and refurbishment at intu Watford and the leisure expansion at intu Lakeside.

Intu also has a growing presence in the Spanish market, owning two of Spain’s top 10 centres: intu Asturias in
Oviedo, and Puerto Venecia in Zaragoza, a development site in Málaga and development options on a further
three sites in Valencia, Palma and Vigo.

Intu creates a compelling experience for its customers, both on and offline, delivering on its brand promise to
provide the most digitally connected shopping centres, world-class service and events with a difference. National
initiatives include the annual ‘Everyone’s Invited’ event which in 2014 increased footfall that weekend by an
average of 13%. Our objective is for customers to come more often and stay for longer, in turn helping intu’s
retailers to flourish.

With some 115,000 people employed at Intu’s centres in the UK, representing some 4% of the UK’s total retail
workforce, Intu is fully committed to supporting its local communities and the wider environment and is proud to
have received widespread recognition for its Corporate Responsibility achievements, including the coveted BitC
CommunityMark.

For further information see www.intugroup.co.uk

Date: 07/10/2015 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story