British Land has appointed a new Chief Executive Officer (CEO).

Simon Carter, currently Chief Financial Officer of British Land, will succeed Chris Grigg as Chief Executive Officer on 18 November 2020.

Chris will will leave the Board and the company on 31 December 2020.

Simon has a broad range of experience within the Real Estate and Finance sectors and was previously the Chief Financial Officer of Logicor, the pan-European logistics warehouse business. Prior to that, Simon was Finance Director of Quintain Estates & Development, a leading Build-to-Rent and mixed-use development business and owner of the 85-acre mixed-use development site at Wembley. Before that, Simon spent over a decade with British Land, holding a number of leadership roles including heading the Strategy, Corporate Finance and Treasury teams and was a member of the Executive Committee from 2012 until 2015.

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Simon's successor as Chief Financial Officer will be announced in due course.

Tim Score, Chairman, said: "On behalf of the entire British Land team, I want to thank Chris for his significant and enduring contribution to our company and wish him well for the future. Chris joined as Chief Executive in 2009 and has led our business with distinction. He has been instrumental at putting placemaking, sustainability, design excellence and a focus on the customer at the heart of how we do business. Under Chris's leadership British Land has consistently created outstanding places, best demonstrated by our mixed-use London campuses Broadgate, Paddington and Regents Place. We have delivered several iconic London buildings and we look ahead to the unique opportunity we have at Canada Water.

"Chris has shown consistent leadership to bring about notable cultural change and has made a lasting impression through his work to champion diversity, inclusion and opportunity in Real Estate. He will leave having established a high-quality team, with a broad range of skills, experiences and perspectives which is well placed to take British Land forward under Simon’s leadership.

"The Board are confident that Simon is the right person to lead British Land forward. He is a proven, growth-orientated business leader with significant Real Estate experience and expertise across various asset classes. We look forward to working with Simon in his new role."