Shaftesbury Capital makes a significant announcement as Chief Operating Officer Chris Ward steps down from the board after 12 impactful years. Effective December 22, the departure of Ward, former Chief Financial Officer pre-Capo merger, prompts a strategic move by Shaftesbury Capital to refrain from filling the COO role on the board.
While the company has not disclosed specific reasons for Ward’s exit, it emphasizes his integral role during the merger that led to the creation of Shaftesbury Capital earlier this year. Ward’s leadership extended to the successful integration activities post-merger, contributing significantly to the growth and transformation of the property giant.
Chairman Jonathan Nicholls recognizes Ward’s commitment and substantial contributions, highlighting his instrumental role in establishing London’s premier central London mixed-use REIT. Ward, in turn, expresses pride in his involvement in the company’s history and transformative transactions, leaving Shaftesbury Capital in capable hands with a clear strategy.
Shaftesbury Capital’s recent trading statement in late November underscores its «excellent performance» in the first half, continuing seamlessly into the second half. The company reports a robust start to the Christmas trading period, projecting an average annual rental growth of 5-7% over the medium term. Ward’s departure signifies a strategic transition for Shaftesbury Capital, positioning it for sustained success with a clear and focused vision.