Hansteen announces current Board Member Melvyn Egglenton as upcoming Non-Executive Chairman

– UK, London – Hansteen announces that it has been informed by James (Jamie) Hambro of his intention to retire as Non-Executive Chairman of the Company. Mr Hambro has been Chairman of Hansteen since its launch on AIM in November 2005 and will leave the Board following the announcement of the Company’s 2016 interim results on 23 August.

Mr Hambro will be succeeded by Melvyn Egglenton who has been a Non-Executive Director of the Company since June 2014.

Rebecca Worthington, Non-Executive Director of Hansteen, paid tribute to Mr Hambro: “Jamie has been Chairman of Hansteen since the Company was formed in December 2005. On behalf of the Board, I would like to thank Jamie for his expert guidance in our deliberations and his significant contribution and commitment to the Company’s growth and success over the past ten years.”

Morgan Jones and Ian Watson, joint Chief Executives of Hansteen, added: “We would like to thank Jamie for the enormous support and encouragement that he has given us, not just in building Hansteen but also as Chairman of our previous company Ashtenne. His considered guidance and wisdom have significantly contributed to the business’s success. We are also delighted that Mel has agreed to take over as Chairman and look forward to working with him.”

HANSTEEN HOLDINGS PLC

Hansteen Holdings PLC (LSE:HSTN) is a European industrial REIT that invests in properties with high yields, low capital costs and opportunity for value improvement across the Netherlands, Germany, Belgium, France and the UK.

Founded by Morgan Jones and Ian Watson, the Company listed on Aim in November 2005 raising £125 million. In 2009, it raised a further £200.8 million by way of a Placing and Open Offer and moved to the Official List, converting to a REIT shortly thereafter. In April 2011, the Company raised a further £150 million by way of a Placing and Open Offer.

At 31 December 2015, Hansteen had total property under management of some 494 assets with a value of £1.5 billion.

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.

here, the original post =>