Land Securities Group PLC announced that following a comprehensive selection process, it has appointed Sir Ian Cheshire as an Independent Non-Executive Director and Chair Designate. Sir Ian will join the Board as Non-Executive Director and Chair Designate on 23 March 2023 and will succeed Cressida Hogg on 16 May 2023, when Cressida will retire after almost five years as Chair and over nine years on the Board. Sir Ian is currently Chair of Channel 4, Spire Healthcare Group Plc, UK investment trust Menhaden Resource Efficiency Plc and serves as Non-Executive Director at BT Group Plc.

He will step down from the Chair position (remaining as Non-Executive Director) at Menhaden Resource Efficiency Plc on 16 May 2023 and retire from BT Group Plc at their AGM in July 2023 to ensure he has sufficient capacity to act as Chair of Landsec. Sir Ian also Chairsthe Prince of Wales' Charitable Fund and the corporate climate change coalition it Mean Business. Sir Ian's executive career was spent in retail, customer-focused businesses in senior leadership and commercial roles, latterly as Group Chief Executive of Kingfisher Plc from 2008 to 2015.

He previously held FTSE 100 Non-Executive Director roles at Barclays Plc (and as Chairman of Barclays Bank UK), and at Whitbread Plc, where he was Senior Independent Director. He was also lead non-executive director at the UK Cabinet Office and Department for Work and Pensions. Sir Ian will join the Nomination and Remuneration Committees from 23 March 2023, and assume the role of Chair of the Nomination Committee on 16 May 2023.