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LONDON - Supermarket Income REIT plc (LSE: LON:SUPR), a UK-based real estate investment trust specializing in grocery property assets, today announced the appointment of Roger Blundell as an independent non-executive director, effective immediately. Blundell, a seasoned Chartered Accountant with over three decades of experience in various sectors, including real estate and retail, joins the company's board with a wealth of expertise.
Blundell's appointment follows a planned succession strategy outlined in the company's 2024 Annual Report. He is set to replace Jon Austen as the Chair of the Audit and Risk Committee after Austen steps down at the next Annual General Meeting scheduled for November 2025. Blundell's extensive background includes roles such as CFO of Grosvenor Property UK and Kensington Group plc, where he managed financing strategies and corporate transactions. He currently holds non-executive positions at the National Portrait Gallery, Jersey Electricity plc, University College London, and the Government Property Agency.
Nick Hewson, Chair of Supermarket Income REIT, expressed confidence in Blundell's capabilities, stating that his "knowledge, skills, and experience" will complement the existing board and contribute to the company's governance and strategic oversight. Hewson also emphasized that Blundell's appointment is part of an orderly handover process.
Supermarket Income REIT focuses on grocery stores that support both online and in-person sales, with a portfolio of properties leased to leading supermarket operators across the UK and Europe. The company aims for a progressive dividend and potential capital growth over the long term.
At the time of his appointment, Blundell did not hold shares in the company. In compliance with Financial Conduct Authority regulations, there are no further details required to be disclosed regarding Blundell's appointment.
This announcement is based on a press release statement from Supermarket Income REIT plc.
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