Sleath appointed to SEGRO top seat

SEGRO is on the hunt for a new group finance director after promoting the current incumbent to chief executive. David Sleath, 49, will take over from Ian Coull when the current chief executive retires from the board following the AGM on April 28, 2011.

Sleath, who has been group finance director for four years, said he was looking forward to building on what Coull had achieved. He was finance director of Wagon, the international automotive engineering group, from 1999 to 2005.

From 1982 to 1999 he worked for Arthur Andersen, latterly as a partner and head of audit and assurance for the Midlands. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a non-executive director of Bunzl.

The announcement comes just days after Europe’s leading provider of flexible business space announced it had completed the sale of the Westcore Industrial Portfolio to Hermes Real Estate, acting on behalf of the British Telecom Pension Scheme, for £79.25m.