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LONDON - British Land Co PLC (LSE:LON:BLND) has announced that Irvinder Goodhew will step down from her position as a Non-Executive Director (NED) effective March 1, 2025. Goodhew, who joined the Board in October 2020, is leaving to avoid a potential conflict of interest due to her upcoming role as Managing Director for UK Sectors at CBRE (NYSE:CBRE), starting March 10, 2025.
CBRE, a global commercial real estate services firm, is one of the valuers for the British Land property portfolio. Goodhew’s departure is a preemptive measure to prevent any conflicts with her duties as a NED for British Land.
William Rucker, presumably a fellow board member or executive at British Land, expressed gratitude for Goodhew’s contributions to the board and wished her success in her new position.
British Land is a leading commercial property company in the UK, focusing on sectors with strong operational fundamentals such as London campuses, retail parks, and urban logistics in London. As of September 30, 2024, the company owns or manages a portfolio valued at £13.6 billion, with British Land’s share being £8.9 billion.
The company prides itself on creating Places People Prefer, which involves developing sustainable, positive outcomes for stakeholders through its development, repositioning, and active asset management expertise. British Land’s sustainability approach revolves around three pillars: Greener Spaces, Thriving Places, and Responsible Choices.
This news comes directly from a press release statement issued by British Land and is intended to inform stakeholders and the public of the upcoming change in the company’s board composition.
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