25 January 2024
WORKSPACE GROUP
PLC
GRAHAM CLEMETT TO RETIRE AS
CHIEF EXECUTIVE OFFICER
Workspace Group PLC ('Workspace')
announces that Graham Clemett, Chief Executive Officer ('CEO'), has
informed the Board of his intention to retire during 2024, once his
successor has been appointed and an appropriate handover completed.
The search for Graham's successor will be led by Duncan Owen,
Chairman, in consultation with the Nominations Committee. The
Company will go through a formal and rigorous selection process for
the new CEO and an announcement will be made once that's
concluded.
Graham Clemett, Chief Executive
Officer, Workspace, commented:
"After 16 hugely enjoyable years at Workspace, firstly as CFO
and the last five years as CEO, it feels the right time for me to
announce my retirement. The Company is in great shape and well
positioned in the current market. I am confident that, with the
fantastic team we have across the business, Workspace has an
exciting future and will continue to go from strength to
strength."
Duncan Owen, Chairman, Workspace,
commented:
"On behalf of the Board, I would like to thank Graham who has
been an excellent CEO and valuable member of the Workspace Board
over a long period of time. We wish him all the best for his
retirement and look forward to working with him until a successor
has been found."
Remuneration
The Remuneration arrangements for
Graham Clemett's departure will be in accordance with the
Remuneration Policy approved by shareholders in 2023 and will be
disclosed on the Company's website at the appropriate time in
accordance with section 430 (2b) of the Companies Act
2006.
- ENDS -
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For
further information, please contact:
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Workspace Group PLC
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Clare Marland, Head of Corporate
Communications
Paul Hewlett, Director of Strategy
& Corporate Development
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020 7138
3300
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FGS
Global
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Chris Ryall
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020 7251
3801
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Guy Lamming
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Notes to Editors
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About Workspace Group PLC:
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Workspace is London's leading owner
and operator of flexible workspace, managing five million sq. ft.
of sustainable space with 76 core locations in London and the South
East.
We are home to some 4,000 of
London's fastest growing and established brands from a diverse
range of sectors. Our purpose, to give businesses the freedom to
grow, is based on the belief that in the right space, teams can
achieve more. That in environments they tailor themselves, free
from constraint and compromise, teams are best able to collaborate,
build their culture and realise their potential.
We have a unique combination of a
highly effective and scalable operating platform, a portfolio of
distinctive properties, and an ownership model that allows us to
offer true flexibility. We provide customers with blank canvas
space to create a home for their business, alongside leases that
give them the freedom to easily scale up and down within our
well-connected, extensive portfolio.
We are inherently sustainable - we
invest across the capital, breathing new life into old buildings
and creating hubs of economic activity that help flatten London's
working map. We work closely with our local communities to ensure
we make a positive and lasting environmental and social impact,
creating value over the long term.
Workspace was established in 1987,
has been listed on the London Stock Exchange since 1993, is a FTSE
250 listed Real Estate Investment Trust (REIT) and a member of the
European Public Real Estate Association (EPRA).
Workspace® is a registered trademark
of Workspace Group PLC, London, UK.
LEI: 2138003GUZRFIN3UT430
For more information on Workspace,
visit www.workspace.co.uk