The Board
* Denotes a publicly listed, external appointment
Appointed: 1 April 2022
(Chair: 30 June 2022)
Andy is Chair of the Nomination Committee.
Andy is an experienced chair having held the position at Dunelm Group plc for over seven years. He is also a former CEO who has led multiple large consumer facing organisations with strong service offerings. His leadership, business understanding and insights have proven to be invaluable additions to the boardroom.
With over 35 years’ experience serving on the boards of listed companies across a wide range of industries and during varying economic conditions, Andy is particularly well-placed to lead SEGRO through the current market conditions to enable the business to remain fit for the future.
His Board colleagues consider him to be an effective Chair, with his thoughtful leadership style facilitating an open and collaborative environment amongst the Directors which, in turn, encourages constructive challenge and debate.
Chair, Dunelm Group plc
Chief Executive, Whitbread plc
Chief Executive, easyJet plc
Chief Executive, RAC plc
Non-Executive Director and Audit Committee Chair, EMAP plc
Appointed: 1 January 2006
(Chief Executive from 28 April 2011; Finance Director from 1 January 2006 to 28 April 2011)
David has considerable board-level experience of listed companies and has extensive knowledge of the real estate, manufacturing and distribution sectors and the Company. His financial and general management experience has helped lead the successful design and implementation of the Company’s strategy during his tenure as Chief Executive.
He is a Fellow of the Institute of Chartered Accountants in England and Wales.
As Finance Director, David was a key member of the management team which navigated SEGRO through the global financial crisis, swiftly followed by the acquisition of Brixton whose London-centric portfolio complemented and enhanced SEGRO’s own.
As Chief Executive, he initiated a wide-ranging strategic review in 2011 involving reshaping both the portfolio and business, with a particular focus on culture, purpose and sustainability. This review laid the foundation for SEGRO to become the largest UK REIT and the only liquid means of investing in a pan-European urban and big box logistics portfolio.
Outside SEGRO, his position as a Non-Executive Director at a global business-to-business distribution company provides valuable insight into the opportunities and challenges in this sector, while his involvement with the EPRA Board and BFP ensures that SEGRO has a leadership position in two influential trade association.
Senior Independent Director, RS Group plc *
Board member, European Public Real Estate Association
Chair, BPF Logistics Property Board and Member, BPF Policy Steering Group
Senior Non-Executive Director, Bunzl plc
Finance Director, Wagon plc
Partner, Athur Andersen
President and board member of the British Property Federation
Appointed 1 March 2019
Mary is a member of the Nomination and Remuneration Committees.
Mary has extensive commercial and general management experience and a deep understanding of customer needs and trends through her various international roles in sales and marketing. She has a strong knowledge of the operation of the retail market and supply chain.
Mary has first-hand experience of international retail markets and customer trends, and often shares her observations at Board meetings which helps to set the scene on global market sentiment. This provides useful insight into some of the key drivers which may impact our customers, allowing the Board to be mindful of them in its decision making.
Executive Vice President, Business Transformation, Mondelēz International Inc
President, European Chocolate Category, Mondelez International Inc
Senior Vice President and General Manager, Pepsi-Lipton Partnership
Non-Executive Director, Poundland Group plc
President CAOBISCO
Chair, Cadbury Foundation
EXCO member, Food & Drink Federation and Institute of Grocery Distribution
Appointed: 1 June 2018
Sue is a member of the Audit, Nomination and Remuneration Committees.
Sue brings a wealth of property market knowledge to the Board, with over 30 years of experience in property investment markets, having worked in the UK commercial property market for her whole career. She is active in promoting diversity in the Real Estate industry including through her former role as the Chair of Women’s Network at CBRE and as co-founder of Real Estate Balance.
Sue is a Fellow of the Royal Institution of Chartered Surveyors (FRICS).
Sue’s real estate expertise brings an additional viewpoint to discussions on the industry, complementing the experience of the Executive Directors, and she also provides constructive challenge on the valuation of the property portfolio.
Her passion for promoting diversity in the Real Estate industry echoes the ambitions of the Company’s Nurturing talent framework and both the Board and Nomination Committee benefit from her insights on this important topic.
Senior Independent Director, Helical plc *
Senior Adviser, Blue Coast Capital
Trustee, Reading Real Estate Foundation
Chair, Barwood 2017 Property Fund
Head of National Investment; Managing Director of Capital Markets, CBRE
Board member, CBRE UK Management and Executive Boards, CBRE Group Inc
Appointed: 16 January 2017
Soumen combines leadership of the finance functions with a wider contribution to the business through investment, insight and transformation and technology. He brings his extensive board-level experience and deep knowledge of capital markets to the Group, having been Chief Financial Officer of listed companies for over 14 years and with a background as a corporate financier.
Since his arrival in 2017, Soumen has been responsible for driving the financial performance of SEGRO and managing a capital structure which is both efficient and appropriate for the different stages of the property cycle. In his role, he is also responsible for SEGRO’s risk management, investment and technology strategies which are vital to SEGRO’s future financial success and resilience.
He holds external positions which are also pertinent to his SEGRO role. His position as a Non-Executive Director at a major retailer provides valuable insight into the opportunities and challenges in a sector which comprises a material proportion of SEGRO’s customer base. His Co-Chair role of the Parker Review into improving ethnic diversity on UK Boards gives him a unique perspective on diversity and inclusion to support SEGRO’s actions and progress in this important area.
Non-Executive Director, NEXT plc *
Co-Chair of the Parker Review
Managing Director and Chief Financial Officer, Capital & Counties Properties plc (Capco)
Partner, Mountgrange Investment Management LLP
Executive Director, UBS
Appointed: 1 January 2018
(Senior Independent Non-Executive Director from 1 July 2023)
Carol is Chair of the Audit Committee and a member of the Nomination and Remuneration Committees.
Carol has recent and relevant finance experience and brings commercial knowledge to the Board. Her prior experience as Chief Financial Officer of the retailer Burberry Group is valuable to the Company in her understanding of retail and digital commerce trends.
Carol is a Fellow of the Institute of Chartered Accountants in England and Wales.
Carol’s financial expertise and understanding of the importance of good governance is integral to her role as Chair of the Audit Committee. Under her leadership, the Audit Committee provides comfort for our shareholders and other stakeholder by ensuring that there is robust oversight of the internal control framework and effective processes and controls in place to safeguard the integrity of the Financial Statements.
As Senior Independent Director, she led this year’s internal Board evaluation process, which provided the opportunity for the Board to step back, reflect on its performance and conclude that it continued to operate effectively.
Non-Executive Director, Smurfit Kappa Group plc *
Chief Financial Officer, Burberry Group
Director of Finance, News International Ltd
UK Regional Controller, Shandwick plc
Trustee, Somerset House Trust
Appointed: 1 May 2021
Simon is Chair of the Remuneration Committee and a member of the Audit and Nomination Committees.
Simon has extensive knowledge of working on remuneration committees, having previously chaired the remuneration committees at Derwent London and Lancashire Holdings. He is a former investment banker with a wealth of financial experience, having spent the majority of his career with Bank of America Merrill Lynch where he was appointed Managing Director and Co-Head of the Corporate Broking division in 2004.
Board discussions benefit from Simon’s extensive knowledge of financial markets and his perspective has been particularly useful during this period of macroeconomic challenge.
He has led the Remuneration Committee in delivering an appropriate remuneration framework for Executive Directors and the wider workforce, which is designed with the views of our key stakeholders in mind, whilst also aligning with our Purpose and Values and aiming to promote the long-term sustainable success of the Company.
Non-Executive Director, Legal & General Investment Management (Holdings) Ltd
Senior Independent Director and Non-Executive Director, Lancashire Holdings Ltd
Non-Executive Director, Lancashire Syndicates Limited
Senior Independent Director, Derwent London plc
Managing Director/Division Co-Head, Corporate Broking, Merrill Lynch/Bank of America
Appointed 1 May 2024
Marcus has extensive knowledge of the real estate and investment management industry gained through his roles on several industry committees. He is a Fellow of the Royal Institution of Chartered Surveyors, and Founder of NorthCroft Capital, a real estate investment and advisory business, where he provides strategic business advice to institutional capital and real estate businesses. He is a Non-Executive Director of Cadillac Fairview (the Canadian pension plan OTPP’s real estate arm), Savills plc, and Fiera Real Estate.
Marcus previously had a successful career at BlackRock, where he held a number of senior executive roles between 2002 and 2019 including, most latterly, Managing Director and Head of Global Real Estate.
Marcus’ extensive experience in the real estate and investment management industry both in the UK and Continental Europe, together with his relevant board experience is of real benefit to the Board.
Founder, NorthCroft Capital
Non-Executive Director, Cadillac Fairview (the Canadian pension plan OTPP’s real estate arm)
Non-Executive Director, Fiera Real Estate
Non-Executive Director, Savills plc
Chair of the Investment Strategy Advisory Board, CBRE
Global Head of Real Estate, Head of EMEA Real Estate, BlackRock
Appointed: 1 May 2021
Linda is a member of the Audit, Nomination and Remuneration Committees.
Linda brings a broad range of skills to the Board, including robust commercial experience and a strong background in economics, as a Fellow in Economics at St Edmund Hall, Oxford University and Adjunct Professor of Economics at London Business School.
Linda regularly draws on her wealth of knowledge of international markets, the macroeconomic context, and global, economic trends, both past and present, to shape Board discussions. Her perspective helps the Board to keep one eye on the horizon by applying learnings from past trends to the current environment.
Through her role chairing a sustainability committee, she brings another perspective to the ESG considerations which are embedded in the Board’s decision making and help guide our Responsible SEGRO strategy.
Non-Executive Director, Standard Chartered PLC *
Non-Executive Director, Rentokil Initial plc *
Chair, Baillie Gifford’s The Schiehallion Fund Ltd *
Adviser, UK Board of Trade
Senior Independent Director, Fidelity China Special Situations plc
Non-Executive Director, Baillie Gifford’s Scottish Mortgage plc
Non-Executive Director, JP Morgan Asian Growth and Income plc
Chief Business Correspondent, BBC News
Economics Editor, Bloomberg News
Corporate Lawyer, Paul Weiss Rifkind Wharton & Garrison LLP
Visiting Professor, London School of Economics and Political Science
Member, Independent Review Panel on Ring-fencing and Proprietary Trading of the UK Government