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Shaftesbury Capital exec to step down
(Sharecast News) - Shaftesbury Capital said on Wednesday that executive director Michelle McGrath will step down from her role at the end of the year to pursue other opportunities. McGrath, who joined the FTSE 250 real estate investment trust in 2014, had held a series of senior leadership roles and led major strategic initiatives during her tenure.
"Michelle has made an outstanding contribution to the company since joining in 2014. Her strategic insight and market expertise have been instrumental in shaping the business and driving long-term value," said chief executive Ian Hawksworth.
"On behalf of the board and all of us at Shaftesbury Capital, I want to thank Michelle for her leadership and wish her every success for the future."The company said she played an important role in shaping its property strategy and, following its merger, in positioning the combined portfolio for long-term growth.
"It has been a privilege to help shape such an iconic London portfolio since joining in 2014, and to play my part in the company's performance and transformation into one of London's leading REITs," commented McGrath.
"I would like to thank everyone during my time here, especially Ian, and wish the company and its exceptional team continued success in the years ahead."
Shaftesbury Capital said McGrath would remain with the company until the end of the year to ensure an orderly transition of her responsibilities.
At 0916 GMT, shares in Shaftesbury Capital were up 0.41% at 148.2p.
Reporting by Josh White for Sharecast.com.
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