BusinessCompany NewsNew FD appointed at British Land

New FD appointed at British Land

Real estate company British Land has announced that its finance director of 28 years, John Weston Smith, is stepping aside for a former Andersen partner.

Chartered accountant Graham Roberts will take over the running of the company’s finances from March 31 – its financial year-end. Roberts has been the company’s auditing partner and will join its board in January 2002.

Weston Smith will remain with British Land as executive director and managing director of The British Land Corporation, the principal management and operating company of the group.

The news has been well received by investors. On Monday the company’s shares rose almost 7% following the announcement.

Despite criticism from the City, British Land has fared well, ouperforming its market sector in the past year. In 2000, the company won the Accountancy Age award for Annual Report & Accounts.

Chairman and chief executive John Ritblat said, ‘British Land is delighted to welcome Graham Roberts as finance director. As the senior real estate partner at Andersen he brings formidable financial acumen and knowledge of the property industry, having worked with many of the UK’s leading property companies.’

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