- Push-out Score suggests push-out forces
- After almost seven years on the job
- Accolades, praise, thanks and good wishes for Bell
- Search for a successor
- Bell said 65 words
(exechange) — London, United Kingdom, October 04, 2017 — Lucinda Bell, finance chief of British Land, leaves. As announced by The British Land Company PLC in a news release on Wednesday, October 04, 2017, Lucinda M. Bell, Chief Financial Officer, leaves the real estate investment trust company after almost seven years on the job, effective April 04, 2018.
British Land will undertake a search for a successor.
“After a long career with British Land … I have decided to step down”
The management change is explained as follows. Lucinda Bell said: “After a long career with British Land including the last six years as CFO, I have decided to step down and leave next year.”
Precise information about the future plans of Bell was not immediately available.
British Land said: “Lucinda Bell, Chief Financial Officer, has informed the Board of her intention to stand down from the Board and leave the Company on 4 April 2018.”
Share price decline
The change follows a decline in the share price of The British Land Company PLC since October 2015.
Chaired by John Gildersleeve
The British Land Company PLC is chaired by John Gildersleeve.
CEO: Chris Grigg
Chris Grigg serves as CEO of The British Land Company PLC. Christopher M. Grigg has been the Chief Executive Officer of The British Land Company PLC since January 12, 2009 and has been its Executive Director since January 2009.
On the job as CFO since 2011
Lucinda M. Bell has been the Chief Financial Officer of The British Land Company PLC since May 24, 2011.
Bell was appointed to the Board in March 2011, becoming Chief Financial Officer in May 2011.
Bell is a chartered accountant with over 25 years of industry experience.
She is Chairman of Broadgate Estates Limited, British Land’s property management business.
Bell is non-executive director of Rotork plc, where she is Chair of the Audit Committee and a member of the Nomination and Remuneration Committees
Bell is member of the Accounting for Sustainability CFO Leadership Network.
Generally speaking, when a top manager announces to step aside with no successor in place, it’s a signal that the change was unplanned and too early.
Generally speaking, potential causes for an unplanned management change can be, among others, disagreement or dispute, health reasons, family reasons and surprising new career opportunities.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Lucinda Bell’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 41.2017 ($).