Wrap Text
Chief Executive appointment
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB00BK7YQK64
(Hammerson or the Company)
30 September 2020
This announcement contains inside information.
Chief Executive appointment
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.
Hammerson has its primary listing on the London Stock Exchange and a secondary inward
listing on the Johannesburg Stock Exchange.
Sponsor:
Investec Bank Limited
Ends
For further information, please contact
Investor Contact
Josh Warren, Hammerson, Head of Investor Relations
Tel: +44 20 7887 1053
Josh.warren@hammerson.com
Media Contact
Catrin Sharp, Hammerson, Head of Corporate Communications
Tel: +44 20 7887 1063
Catrin.sharp@hammerson.com
FTI Consulting
John Waples
Tel: +44 20 3727 1000/ 07717 814 520
John.waples@fticonsulting.com
Dido Laurimore
Tel: +44 20 3727 1000/ 0780 1654424
dido.laurimore@fticonsulting.com
Date: 30-09-2020 08:00:00
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