Jessica Fino 16 May 2018 03:10pm

Landsec appoints Cressida Hogg as chairman

The real estate company Landsec has appointed Cressida Hogg as its new chairman

Hogg will replace Dame Alison Carnwath on 12 July during the company’s annual general meeting. She will be one of the only six women chairing a FTSE 100 company.

Dame Carnwath, an ICAEW member and former Barclays director, will retire on the same date after a decade in the role.

The new chairman joined the board of Landsec, owner of the Bluewater shopping centre and the Piccadilly Circus ad screen, in January 2014. She has joined the nomination committee with immediate effect, while remaining in the remuneration committee.

Hogg started her career at JP Morgan, and has since worked at 3i for 20 years. Until last month, she was the global head of infrastructure at the $350bn Canada Pension Fund Investment Board.

She received a CBE in 2014 for services to infrastructure investment and policy.

Commenting on her appointment, Hogg said, "In a changing world, Landsec has a clear purpose and an exciting portfolio and I look forward to working more closely with its strong management team.

Meanwhile, Dame Carnwath said, "It's been a privilege to be chairman for the last 9 years. During this time, Landsec has emerged from the depths of the financial crisis and delivered standout new destinations including One New Change, Trinity Leeds, 20 Fenchurch Street, Westgate Oxford and the transformation of Victoria.

“I am delighted that the board has appointed Cressida to be Landsec's next chairman. She has all the skills required to lead the business through its next stage."

Read economia’s interview with Dame Carnwath here.