BusinessCompany NewsRobert Swannell to retire from 3i and British Land boards

Robert Swannell to retire from 3i and British Land boards

Robert Swannell to leave board of FTSE 100 giants 3i and British Land on 1 October, paving the way for him to take up the chairmanship of Marks & Spencer

Robert Swannell is to stand down from his non-executive role at 3i, the
private equity firm announced today in preparation for the chairmanship of Marks
& Spencer.

He is also dropping a non-executive role at British Land to take up the M
&S post.

Swannell chairs 3i’s audit committee, but is taking over from Sir Stuart Rose
as the retail giant’s chairman.

3i said today in a statement to the city: “Robert Swannell, non-executive
director and senior independent director, has indicated that he intends to
retire from the board with effect from 1 October 2010 in order to concentrate on
his other responsibilities.”

Swannell is a qualified chartered accountant who forged a career in the
investment banking world.

Sir Adrian Montague, chairman of 3i, said:

“The board would like to thank Robert for his outstanding contribution to the
company as a director and audit committee chairman. We all wish him every
success in his new role as chairman of Marks & Spencer group plc.”

British Land also accepted Swannell’s resignation with effect from 1 October
2010.

Chris Gibson-Smith, chairman of British Land, said:

“The board would like to record our deep gratitude and appreciation to Robert
for his exceptional contribution to British Land over some eleven years, with
service as audit committee chairman and senior independent director.

“We offer Robert our very best wishes for the future.”

Further reading:

Dyson
leaves M&S FD role to head up Punch Taverns

Related Articles

Marks & Spencer CFO role goes to ex-WHSmith FD

Company News Marks & Spencer CFO role goes to ex-WHSmith FD

7y Kevin Reed, Writer
Dyson leaves M&S FD role to head up Punch Taverns

Company News Dyson leaves M&S FD role to head up Punch Taverns

8y Kevin Reed, Writer
M&S' Dyson joins Betfair board

Company News M&S' Dyson joins Betfair board

8y Kevin Reed, Writer
FDs set for shake up after M&S move

Company News FDs set for shake up after M&S move

8y Rachael Singh, Writer
Former M&S FD takes CFO role at Geo

Company News Former M&S FD takes CFO role at Geo

8y Rachael Singh, Writer
Overview: Sparks at Marks

Company News Overview: Sparks at Marks

8y Gavin Hinks, Writer
Wake-up call over waffle in annual reports

Company News Wake-up call over waffle in annual reports

8y Mario Christodoulou, Writer
M&S breaks even on 'Plan A' corporate responsibility

Company News M&S breaks even on 'Plan A' corporate responsibility

8y Rachael Singh, Writer