John Weston Smith, chief operating officer of British Land, is to retire at
the company’s next AGM in July.
Weston Smith, 73, has been with the FTSE100 property group for 34 years,
serving as executive director since 1973 and finance director from 1989 to 2002,
when he took up his current role.
British Land said in a statement that Weston Smith would hand over his
responsibilities in an orderly fashion to Peter Clarke and Tony Braine,
currently executives at the company. Clarke will join the executive committee in
Stephen Hester, chief executive of British Land said of Weston Smith’s
departure: ‘It is with sadness that we have agreed with John his retirement
plans, but characteristic of the man that the handover to our next generation of
management be well planned and executed.’
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