Helical chairman to step down

Property developer Helical PLC has announced that its non-executive chairman Mike Slade is to step down from his role at its AGM in July 2019.

Following an extensive search for a replacement – which focused on both internal and external candidates – Richard Grant has been named as Mike’s successor and has been appointed deputy chairman of Helical, with immediate effect, to ensure a smooth handover process.

Richard Grant
Richard Grant

Mr Grant joined the board as a non-executive director in 2012 and has more than 40 years of experience having served as finance director of Cadogan Estates Limited and as a corporate finance partner at PwC.

He is currently chairman of the audit and risk committee and a member of the nominations and remuneration committees and will continue to serve in these posts in addition to his role as deputy chairman.

As part of the succession plan, Richard Cotton will succeed Richard Gillingwater as senior independent director with immediate effect.

Mr Gillingwater will continue in his role as non-executive director and chairman of the nominations committee.

Richard Cotton

Mr Cotton joined the board as a non-executive director on 1st March 2016, and is a member of the nominations, audit and risk remuneration committees.

Mike said he was pleased with Mr Grant’s appointment as deputy chairman and, in due course, chairman of Helical.

“His new role provides additional strength in ensuring that the board operates effectively as it focuses on executing its strategy and meeting its targets.

“I would like to thank Richard Gillingwater for his support over the years as senior independent director and for overseeing this and past succession changes and I welcome Richard Cotton as his successor in this role.”

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