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Green REIT adds nonexecutive director; RDI REIT chairman tenders resignation

S&P Global Market Intelligence presents a weekly rundown of recent significant management and board changes and personnel moves in the European real estate industry. The moves are listed by sector and by announcement date in reverse chronological order. The Asia-Pacific and North America Hires and Fires columns are published Tuesday and Thursday.

UK and Ireland

* Rosheen McGuckian will join Green REIT Plc as a nonexecutive director and a member of the company's audit committee Jan. 1, 2018. She is also a director of the Strategic Banking Corp. of Ireland and the Social Innovation Fund of Ireland.

* RDI REIT Plc Senior Independent Director Michael Farrow was designated chairman of the nominations committee and will oversee the appointment of the outgoing company Chairman Greg Clarke's replacement. Clarke plans to relinquish the chairmanship of the company's board in 2018.

* Persimmon plc said Board Chairman Nicholas Wrigley tendered his resignation alongside Senior Independent Director and Chairman of the Remuneration Committee Jonathan Davie, who stepped down Dec. 14. The two resigned over the omission of a cap in the 2012 incentive plan. Davie's position was filled on the same day by Nigel Mills as senior independent director and Marion Sears as chairman of the remuneration committee. Wrigley will stay on while Mills leads the search for his successor.

* Highcroft Investments Plc will bring in Charles Butler as chairman, effective Jan. 2, 2018. Butler will chair the company's nomination committee as well as become a member of its audit and remuneration committees.

* SEGRO Plc will welcome Carol Fairweather as independent nonexecutive director Jan. 1, 2018. Fairweather formerly held the CFO position at Burberry Group Plc from 2013 to 2017.

* The election of Brenda Dean, John Carleton, Robert Gray and Robert Whiteman as Residential Secure Income Plc's company directors was approved at the company's annual general meeting.


* The vice president of marketing and branding at Citycon Oyj, Marianne Håkonsen, will relinquish her membership at the corporate management committee in January 2018 and depart from the company in March 2018. The move follows Citycon's decision to consolidate the marketing and branding department with operations overseen by COO Jurn Hoeksema. Håkonsen joined the company in 2015 and took a seat on the corporate management committee in December 2015.

South Africa

* Texton Property Fund Ltd. put an end to the services of CIS Company Secretaries Pty. Ltd. and named CFO Inge Pick interim company secretary. The search for a company secretary candidate is underway. The move is in line with the company's plans to internalize its management.


* Rezidor Hotel Group AB named Mauro Vinci senior director business development, Italy, and Adela Cristea senior director and head of development, U.K. and Ireland. The directors, joining the group's Europe, Middle East and Africa regional business development team, will be based in Milan and London, respectively, and report to Elie Younes, Rezidor's executive vice president and chief development officer in the EMEA region.

Vinci comes from NH Hotel Group, where he served as its Italian business unit's development and asset director, while Cristea was the director of development at Hilton Hotels.


* Vatne Equity AS controller Runar Vatne is standing for election to the board of Solon Eiendom ASA, after the company agreed to subscribe to roughly 10% of the latter's outstanding share capital. Solon's nomination committee supports the proposed election, according to a release.


* Wihlborgs Fastigheter AB will install Maria Ivarsson as regional director in Lund, placing her in charge of a 6.5 billion Swedish kronor property portfolio spanning 200,000 square meters. She has been serving as Riksbyggen's head of market area for property management since 2014 and will assume her role at the company March 5, 2018.

Middle East

* Emaar Malls PJSC board member Mohammed Hadi Ahmed Al Hussaini became chairman of the board, succeeding Mohamed Ali Alabbar.

Alabbar, who also serves as the board chairman of Emaar Properties PJSC's development arm, Emaar Development PJSC, stepped down in accordance with a ruling that restricts a person from holding the position of chairman or vice chairman in more than two companies in the country. He will retain his seat on the board of Emaar Malls.

As of Dec. 19, US$1 was equivalent to 8.44 Swedish kronor.