SREI Schroder Real Estate Investment Trust Limited

 
TIDMSREI 
 
6 October 2021 
 
                 Schroder Real Estate Investment Trust Limited 
 
                           BOARD SUCCESSION PLANNING 
 
Schroder Real Estate Investment Trust Limited (the "Company") announces that 
Lorraine Baldry has informed the Board of her intention to retire as Chairman 
of the Company at the end of July 2022. 
 
Following a thorough and comprehensive Chairman succession planning process led 
by Stephen Bligh and Graham Basham, independent non-executive directors of the 
Company, Alastair Hughes, the current Senior Independent Director of the 
Company, will be appointed as Chairman with effect from 31 July 2022. 
 
Lorraine Baldry, Chairman of the Company, commented: 
"We have put considerable thought into orderly Board succession planning in 
line with best practice. I am looking forward to leading the Company until July 
2022, and I have no doubt that Alastair's extensive real estate expertise and 
knowledge of the Company will ensure his success in the role." 
 
Alastair Hughes, Senior Independent Director, added: 
"I am very much looking forward taking on the role of Chairman of the Company. 
On behalf of the Board and Schroders as Manager, I would like to express our 
thanks to Lorraine for her invaluable contribution to date.  I look forward to 
working closely with Lorraine over the coming months." 
 
In anticipation of the appointment of Alastair Hughes as Chairman, a 
third-party search firm will be engaged to conduct a search to identify a 
replacement Senior Independent Director of the Company. 
 
Committee changes 
As part of the succession planning process, Mr Graham Basham will become Chair 
of the Management Engagement Committee. This role will result in an increase of 
£5,000 in the director fees paid to Mr Basham. Following these changes, the 
composition of the Company's committees is as follows: 
 
Committee               Chair                      Members 
 
Audit Committee         Stephen Bligh              Graham Basham, 
                                                   Alastair Hughes 
 
Management Engagement   Graham Basham              Lorraine Baldry, 
Committee                                          Stephen Bligh, 
                                                   Alastair Hughes 
 
Nomination Committee    Lorraine Baldry (Alastair  Graham Basham, 
                        Hughes from July 2022)     Stephen Bligh, 
                                                   Alastair Hughes 
 
Committee terms of reference are available from the Company's website, or on 
request from the Company Secretary. 
 
 
Enquiries 
 
Schroder Real Estate Investment Management Limited: 
Nick Montgomery                                                             020 
7658 6000 
 
Schroder Investment Management Limited (Company Secretary) 
Matthew Riley 
020 7658 6596 
 
FTI Consulting: 
Dido Laurimore / Richard Gotla / Ollie Parsons                020 3727 1000 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 06, 2021 02:00 ET (06:00 GMT)

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