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LONDON - Derwent London (LON:DLN) plc announced Tuesday that Executive Director Nigel George will retire and step down from the company’s board on March 31, 2026, after serving as a director since 1998.
George will continue as a full-time employee until August 2026, after which he will transition to a consultant role supporting specific group projects until 2028, according to a company press release.
During his 37-year tenure with Derwent London, George has been central to the company’s investment acquisitions and disposals. He was notably a key member of the team that secured the merger with LMS in 2007.
"It has been a privilege to work alongside Nigel for his 37 years at Derwent and, on behalf of my fellow directors, I wish to thank him for his considerable contribution to the business," said Paul Williams, Chief Executive of Derwent London.
Williams added that George "has played an important role in the growth and success of the company with deep knowledge of Derwent and the London property market."
George expressed gratitude to his colleagues and noted he was pleased to remain involved with the company as a consultant.
"Over this time London has continually evolved and so have we, giving rise to many value creating opportunities," George said.
Derwent London stated that information regarding George’s departure, as required under section 430(2B) of the UK Companies Act 2006, will be made available on the company’s website when he steps down and in the company’s 2025 Directors’ Remuneration Report.
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