People Moves

Hammerson chair to step down

The board of Hammerson has appointed Robert Noel as the new non-executive chair of the company, succeeding David Tyler.

Noel will join the board and take over the position with effect from a date “no later than 1 October 2020”, at which point Tyler will step down from the company.

Hammerson said Noel has built a “long and successful career” in the real estate sector, most notably at Great Portland Estates plc and Land Securities Group PLC (Landsec). In March of this year he stepped down from Landsec, where he had held the role of chief executive officer for the past eight years.

The company also announced that Desmond de Beer will join Hammerson’s board as a non-executive director with immediate effect.

De Beer is a non-executive director of Lighthouse Capital, a property company which invests in direct property and listed real estate securities and which has a 15.1% shareholding in Hammerson.

Noel said: “I am delighted to be joining Hammerson. The retail property sector is going through a period of unprecedented upheaval, but I look forward very much to helping the company steer through the challenges it is currently facing and capitalise on the significant opportunities ahead.”

Gwyn Burr, senior independent director at Hammerson, said: “Rob brings with him vast experience of the property industry which will help accelerate the board’s ambitions to put the company back onto a stable footing.

“We are also very pleased to welcome Des, whose experience in retail property and international perspective will make a valuable contribution to the future of Hammerson. The board would like to take this opportunity to thank David Tyler for his huge commitment and energy as chair over the past seven years.”

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