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Newriver Reit PLC (NRRT.L)

NRRT.L on London Stock Exchange

189.20GBp
17 Sep 2019
Change (% chg)

-0.20 (-0.11%)
Prev Close
189.40
Open
189.60
Day's High
190.80
Day's Low
186.60
Volume
551,753
Avg. Vol
2,047,950
52-wk High
264.00
52-wk Low
143.20

Summary

Name Age Since Current Position

Margaret Ford

2018 Chairman of the Board

Paul Roy

Non-Executive Chairman of the Board

Allan Lockhart

2018 Chief Executive Officer

David Lockhart

2018 Executive Deputy Chairman

Mark Davies

Chief Financial Officer

Rob Marcus

2018 Company Secretary

Colin Rutherford

59 2019 Non-Executive Director

Kay Chaldecott

Non-Executive Independent Director

Alastair Miller

2018 Senior Independent Non-Executive Director

Will Hobman

2017 Head of Investor Relations

Biographies

Name Description

Margaret Ford

Ms. Margaret A. Ford has been appointed as Chairman of the Board of the Company., with effect from 1 October 2018. Baroness Ford joined the Company on 1 September 2017 as Senior Independent Non-Executive Director and has over 20 years' experience as a Non-Executive Director and Chairman of private and listed companies. Baroness Ford is currently the Chairman of STV Group plc and was previously the Chairman of Grainger plc and a Non-Executive Director of SEGRO plc and Taylor Wimpey plc.

Paul Roy

Mr. Paul D. Roy serves as Non-Executive Chairman of the Board. Paul Roy has over 40 years’ experience in the banking, brokerage and asset management industries. In 2003, he co-founded NewSmith Capital Partners LLP, an independent investment management company which was acquired by Man Group in 2015. Prior to founding NewSmith, he was Co-President of the Global Markets and Investment Banking division at Merrill Lynch & Co and had responsibility for worldwide Investment Banking, Debt and Equity Markets. Paul joined Merrill Lynch in 1995 when it acquired Smith New Court Plc a leading market making and brokerage firm on the London Stock Exchange where he was Chief Executive Officer. He joined Smith New Court in 1988, having previously been a Senior Partner in the leading stock broking firm Citicorp Scrimgeour Vickers. Between 2007 and 2013, Paul served as Chairman of the British Horseracing Authority responsible for governance and regulation of the sport and is now Chairman of Retraining of Racehorses, racing’s main equine charity. In 2015, he became Chairman of Sky Bet after CVC acquired a majority stake in the company from SKY PLC. He has a Bachelor of Arts degree in Economics (honours) and a Doctor of Laws from the University of Liverpool.

Allan Lockhart

Mr. Allan Lockhart re-designated as Chief Executive Officer of the Company with effective from 1 May 2018. Allan Lockhart has over 25 years’ experience in the UK real estate market specialising in the retail sector. He started his career with Strutt & Parker in 1988 advising major property companies and institutions on retail investment and development. Allan was appointed as retail director to the principal trading subsidiary of Halladale (now Stockland) in January 2002 and was responsible for co-ordinating the acquisition of, and implementation of the asset management strategies in respect of, over 20 shopping centres as well as acquiring and completing several profitable retail developments. In 2009, he co-founded NewRiver and has served as Property Director since its IPO that year.

David Lockhart

Mr. David A. S. Lockhart re-designated as Executive Deputy Chairman of the Company with effective from 1 May 2018. David Lockhart is a qualified Solicitor and Chartered Accountant and has over 35 years’ operating experience in the UK real estate market. David is an experienced and successful entrepreneur, having founded several property businesses across the United Kingdom. He practised law in his family law firm until 1981 when he resigned to found Caltrust Limited, a property development company based in Scotland. David served as Executive Chairman of Caltrust Limited until 1987 when the company was acquired by Sheraton Securities International plc, following which he served as managing director of newly formed Sheraton Caltrust plc until 1990. In 1991, David founded Halladale, a business which he ran as CEO. Halladale floated on AIM in 2001 and was acquired by Stockland Corporation in 2007. In 2009, he co-founded NewRiver and has served as its Chief Executive since its IPO that year.

Mark Davies

Mr. Mark Davies serves as Chief Financial Officer of the company. Mark Davies is a Chartered Accountant who joined the Company at its inception in 2009. Mark has over 20 years’ experience in Finance, including over 10 years in the UK real estate sector. He started his property finance career with Grant Thornton before joining BDO LLP as an Audit and Corporate Finance Partner and Head of Real Estate. Prior to joining NewRiver, Mark was Chief Financial Officer of Exemplar Properties and Omega Land, a property investment and development company which was owned by Morgan Stanley Real Estate Funds. Mark has experience in many areas of property and Corporate Finance including debt and equity capital markets.

Rob Marcus

Colin Rutherford

Mr. Colin Rutherford is Non-Executive Director of the Company. He currently serves on the Board and is Audit Committee Chairman of Mitchells & Butlers plc, a FTSE 250 restaurant, pub and bar operator. Colin is also on the Board and Audit Committee of the quoted Oil & Gas shipping and contracts services business, Renaissance Services SAOG, and on the Board and Audit Committee of Nasdaq quoted Evofem Biosciences Inc. He is Chairman of Brookgate Limited, a property development business. Colin graduated in Accountancy and Finance and qualified as a Scottish Chartered Accountant with Touche Ross (now Deloitte) in 1984.

Kay Chaldecott

Ms. Kay E. Chaldecott serves as Non-Executive Independent Director of the company. Mr. Kay Chaldecott has over 25 years’ experience of developing and managing regional shopping centres throughout the UK from having worked with Capital Shopping Centres Group plc (now Intu Properties plc). Kay was appointed Managing Director of the Shopping Centre business and served as a main Board Director from 2005 to 2011. Kay is a member of the Royal Institution of Chartered Surveyors and has a breadth of industry knowledge covering the retail development process, retail mix and leasing and shopping centre operations. Kay is a member of the Board of Lichfields planning and development consultancy, and is a member of the Advisory Board of Next Leadership. She was previously a member of the Board of St. Modwen Properties PLC.

Alastair Miller

Mr. Alastair Miller serves as Senior Independent Non-Executive Director of the Company. He was Non-Executive Independent Director of the company. Alastair Miller was Chief Financial Officer of New Look Group plc from 2000 until 2014 and during that period had a range of other responsibilities in addition to finance including property, systems, company secretariat and investor relations. He was one of the MBO team who helped take the company private in 2004 and led a number of subsequent refinancings. Previously, he was the Group Finance Director at RAC for 11 years, having joined from Price Waterhouse in 1988 where he was a management consultant. Prior to that, he was Finance Director of a company within the BTR Group. Alastair qualified as a Chartered Accountant with Deloitte Haskins and Sells (now part of PricewaterhouseCoopers LLP) and holds a BSc in Economics.

Will Hobman

Basic Compensation

Name Fiscal Year Total

Margaret Ford

32,083

Paul Roy

100,000

Allan Lockhart

1,128,120

David Lockhart

1,125,190

Mark Davies

1,068,740

Rob Marcus

--

Colin Rutherford

--

Kay Chaldecott

55,000

Alastair Miller

54,872

Will Hobman

--
As Of  31 Mar 2018