Two bosses exit British Land in executive board overhaul

British Land has announced that Tim Roberts and Charlie Maudsley are stepping down as executive directors and board members, effective from 31 March 2019, as part of an overhaul of its executive board.

Roberts joined British Land in 1997, and was appointed to the board in 2006, where he had been working as the head of offices. Maudsley joined British Land in 2010, and has been on the board since then, most recently as the head of retail, leisure and residential.

The real estate investment trust, which owns shares in Sheffield’s Meadowhall shopping centre, also announced a spate of additional changes. Darren Richards, who has been on the executive committee since 2014, has been appointed as head of real estate.

Sally Jones, who joined British Land in 2010 and has been on the executive committee since 2015, will take on an expanded role which includes investment and strategy as well as data and insights and working with the group’s smart technology initiatives. Emma Cariaga, head of operations at Canada Water and David Lockyer, head of Broadgate Campus, will also join the executive committee.

Commenting on the changes in a statement, Chris Grigg, chief executive at British Land, said: “Both Tim and Charlie have delivered considerable value to British Land over an extended period. The Board and I will miss their support and advice; we will also miss their energy, enthusiasm and wealth of property expertise and thank them for everything they’ve done for our business.

“Looking forward, we have a consistent and clear strategy to build an increasingly mixed-use business, establishing British Land as the specialist in mixed-use places.

"Bringing together the deep property expertise we have across both Offices and Retail into a single Real Estate team under Darren’s leadership is an important step as we continue to develop our business to reflect the fast-evolving demands of our customers and deliver our strategic goals.

“These changes also underline the considerable strength and depth of management talent that British Land has developed over the last few years.”