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IN BRIEF: Great Portland Estates hires former Assura finance chief

ALN

Great Portland Estates PLC - London-based commercial real estate developer and landlord - Recruits Jayne Cottam, the former chief financial officer of Assura PLC, to be its new CEO, starting March 16. Cottam was CFO of the property developer from 2017 until the end of last year. Assura was taken over by peer Primary Health Properties PLC, with its shares de-listed from London in October. At Great Portland Estates, Cottam replaces Nick Sanderson, who leaves as chief financial & operating officer on January 30 for real estate advisory Savills PLC.

Sanderson will start as CFO on February 9, Savills says on Monday, and will join the board on March 12. Sanderson succeeds Simon Shaw, who was promoted to chief executive on January 1, replacing Mark Ridley.

Great Portland current stock price: 341.50 pence, down 1.6% in London on Monday

12-month change: up 23

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