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Cressida Hogg appointed as next Landsec chairman
Landsec announced the appointment of Cressida Hogg as its non-executive chairman on Tuesday, with effect from completion of the company's annual general meeting on 12 July.
The FTSE 100 firm said Hogg was succeeding Dame Alison Carnwath, who would retire from the board on that date, having joined in 2004 and become chairman in 2008.
It had announced Dame Alison's intention to retire on 2 March.
Hogg joined the Landsec board in January 2014, and had been appointed as chairman following a thorough selection process which included external candidates.
She would join the nomination committee with immediate effect, and was also currently a member of the remuneration committee.
The Landsec board said Hogg brought a "wealth" of relevant experience as a business leader and investor, adding that during her career she had built and developed businesses both in the UK and globally.
"It's been a privilege to be chairman for the last nine years," said Dame Alison.
"During this time, Landsec has emerged from the depths of the financial crisis and delivered standout new destinations including One New Change, Trinity Leeds, 20 Fenchurch Street, Westgate Oxford and the transformation of Victoria."
Dame Alison said she was "delighted" that the board had appointed Hogg to be Landsec's next chairman.
"She has all the skills required to lead the business through its next stage."
After starting her career at JP Morgan, Cressida Hogg worked for 3i Group, first in private equity and then co-founding its infrastructure business.
From 2009 to 2014, as managing partner, she was responsible for managing 3i Infrastructure - a FTSE 250 investment company.
Then from 2014 to April this year, she was global head of infrastructure at the $350bn Canada Pension Fund Investment Board, managing a portfolio of investments worth around £16bn.
Landsec said she had extensive board experience, including most recently on the boards of Anglian Water Group and Associated British Ports.
"In a changing world, Landsec has a clear purpose and an exciting portfolio and I look forward to working more closely with its strong management team," said Cressida Hogg.
"I would like to thank Alison on behalf of the board for her leadership, wisdom and commitment during her 14 years on the board, and nine years as chairman.
"She will be greatly missed and we wish her all the best for the future."