Sep 18, 2006
Slough Estates plc announces that Dick Kingston will be retiring from the Board and the company on 31st December 2006, after 19 years of service with the company.
Dick was appointed to the Board as Finance Director in April 1996. He stood down from this position on 31st December 2005, but continued as an Executive Director on the main Board where his responsibilities included acting as Chairman for the Continental European business during a key phase in its strategic development.
Ian Coull, Chief Executive of Slough Estates, said:
"The Board is extremely grateful to Dick for his significant contribution to the business over so many years. Dick is warmly regarded by everyone who has worked with him and he is renowned for his professionalism and integrity."
Dick Kingston said:
"It has been a great pleasure working at Slough Estates and helping to create the company as it is today. I thank my colleagues for all their help and support over the years and wish them the very best as they continue to develop the company throughout this particularly exciting phase.
For further information please contact:
The Maitland Consultancy
Colin Browne/Liz Morley
Tel: 0207 379 5151
Notes to editors:
Having obtained a Business Studies degree while with British Petroleum, Dick Kingston qualified as a chartered accountant with Whinney Murray & Co (now Ernst & Young) in London and Paris. Following five years with Hawwker Siddeley as Head of Financial Control and Audit, he joined Slough Estates as Group Financial Controller in 1987. He was appointed a director in April 1996, with responsibility for Group Finance, adding responsibility for Continental Europe in 2002.
Slough Estates is the leading European provider of flexible business space and owns business parks in Europe and North America, with property assets of £5.6bn, with over four million square metres of business space and over 1,700 customers - all as at 30 June 2006. SEI has an annual rent roll of £289m and the weighted average unexpired lease length is 11.9 years. Flexible business is space on industrial sites or business parks which is put to multiple uses, such as manufacturing, light assembly, distribution (both "small" and "big-box"), research and development, offices and warehousing. Slough Estates' properties are in suburban locations in close proximity to the main business centres, where there is long term demand for business accommodation to serve these key economic regions. The company continues to develop new business parks with the long term objective of building shareholder value and enhancing its reputation for quality buildings offering excellent value to customers. www.sloughestates.com
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