Land Securities appoints new Group Finance Director (UK)

Land Securities has announced that Martin Greenslade (40) will be joining the Group on 1 September 2005 as Group Finance Director. Previously Martin was Finance Director of Alvis Plc, a leading European manufacturer of military vehicles, which was acquired by BAE Systems in August 2004. Martin left Alvis earlier this year having successfully assisted BAE Systems with the integration of the Alvis business.

As Finance Director at Alvis, Martin oversaw a greater than threefold increase in its market capitalisation over four years, significant growth in sales and earnings and its acquisition of Vickers Defence. At the same time he introduced improvements to its debt structure, enhanced its investor relations programme and implemented internal control and corporate governance initiatives.

Commenting on the appointment, Peter Birch, Chairman of Land Securities, said: "We are delighted that Martin has agreed to join Land Securities bringing with him an entrepreneurial background, a successful track record as finance director of Alvis and a skill set which is highly complementary to the existing management team."

Martin Greenslade added: "I am excited about joining the leading UK property company to work with a highly experienced team which has an excellent reputation for delivering results."

Martin qualified as a Chartered Accountant at Coopers & Lybrand and joined Enskilda Securities in 1992. Later that year, Martin helped found Maizels, Westerberg & Co, an independent corporate finance advisory firm. Over seven years, Maizels became one of the leading independent M&A firms for the Nordic Region, advising on over £10bn worth of M&A and debt financing transactions. In 1999, Maizels was acquired by Nordea, at which time Martin joined the Executive Committee of Nordea's investment banking division and was appointed Managing Director of its UK business. Martin left Nordea to join Alvis as its Finance Director in 2000.

Source: Land Securities

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