St Modwen Turns To Former Centrica Consumer Boss As New CEO

(Alliance News) - St Modwen Properties PLC on Tuesday named Sarwjit Sambhi as its new chief ...

Alliance News 29 September, 2020 | 9:35AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - St Modwen Properties PLC on Tuesday named Sarwjit Sambhi as its new chief executive officer, with effect November 2.

The FTSE 250-listed property investor noted Sambhi was most recently the CEO of British Gas owner Centrica PLC's Consumer division. Sambhi also served on Centrica's board.

"Sarwjit's breadth of experience and proven leadership capability in a large and complex organisation strongly positions him to deliver St Modwen's stated strategy. The board believes he is a great fit for St Modwen and well qualified to lead the business and develop the company for further success, creating value for all our stakeholders," St Modwen Chair Danuta Gray said.

St Modwen's previous CEO Mark Allan jumped ship to fellow property firm Land Securities Group PLC. The move was announced back in November last year and Allan joined Landsec in April.

St Modwen shares were 0.6% lower at 310.12 pence each in London on Tuesday morning.

By Eric Cunha;

Copyright 2020 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement