St. Modwen is pleased to announce the appointment of Danuta Gray as a non-executive director and Chair designate with effect from 1 October 2018. On appointment Danuta will join the Remuneration and Nomination Committees and she will work closely with current Chairman Bill Shannon over the coming months, in preparation for his handover of the chairmanship at the end of the Company’s next Annual General Meeting scheduled for 29 March 2019. The search process was led by Ian Bull, St. Modwen’s Senior Independent Director.

Danuta joins St. Modwen with extensive executive and non-executive experience. She is currently a non-executive director of Direct Line Insurance Group plc, Senior Independent Director of Aldermore Group plc, a non-executive director and Chair of the Remuneration Committee of Old Mutual plc and a non-executive director of the Defence Board of the UK Ministry of Defence. Until 2012 she was Chair of Telefónica O2 in Ireland, having previously been its Chief Executive Officer from 2001 to 2010. She has previously also served as a non-executive director of PageGroup plc, Paddy Power Betfair plc, Aer Lingus Group plc and Irish Life & Permanent plc. Prior to her time at Telefónica O2, Danuta held various senior positions within BT Group from 1984 to 2001.

Mark Allan, Chief Executive, St. Modwen said: “Recruiting such a high calibre individual as our next Chairman is a clear reflection of the quality and direction of our business. Danuta brings significant Board and leadership experience and we are delighted to welcome her to the Board. I am confident that St. Modwen will benefit greatly from her broad knowledge and experience in the ongoing development and delivery of our strategy.”

Danuta Gray added: “I am very much looking forward to joining St. Modwen, a company with strong values and a clear and focused strategy. There is great momentum at St. Modwen – it is at an exciting point in its development and I look forward to working with the Board to achieve further success.”

St. Modwen confirms that there are no further disclosures required under paragraph 9.6.13R of the Listing Rules in relation to this appointment.