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LONDON - Grainger plc (LSE:GRI), the UK’s largest listed residential landlord, announced Thursday the appointment of Simon Fraser as non-executive director and chair designate, effective October 1, 2025.
Fraser will succeed Mark Clare, who will step down in February 2026 at the company’s Annual General Meeting after completing a nine-year tenure as chair.
Upon joining the board, Fraser will also become a member of the board’s committees to facilitate an orderly transition. Subject to shareholder approval at the 2026 AGM, he will assume the role of chair of the board and nominations committee.
Fraser brings over 13 years of FTSE board experience, particularly with real estate investment trusts. He currently serves as chair of the remuneration committee at SEGRO plc and as senior independent director at St. James’s Place plc. His previous board positions include senior independent director at Derwent London (LON:DLN) plc from 2015 to 2021, and directorships at Legal & General (LON:LGEN) Investment Management and Lancashire Holdings (LON:LRE) Ltd.
Before retiring from executive roles in 2011, Fraser worked at Bank of America Merrill Lynch (NYSE:BAC) as managing director and co-head of corporate broking, advising clients across various sectors.
"Simon has a deep understanding of both the real estate investment market and the global capital markets," said Helen Gordon, chief executive of Grainger, in the press release statement.
The appointment process was led by Justin Read, Grainger’s senior independent director. The company confirmed that Fraser meets the independence criteria according to the UK Corporate Governance Code (2024 version).
Grainger, which recently converted to REIT status, specializes in the build-to-rent sector of the UK housing market.
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