A new chief executive is set to take the helm at property and construction group Henry Boot at the start of 2020. Tim Roberts, who will take up the role from 1 January, has spent 15 years running British Land’s office team as well as developing the strategy for its London office business; moving its focus towards more mixed-use campuses and retaining and attracting target customers.
He has overseen large scale projects including the joint venture development and the eventual sale of both the Leadenhall Building and 5 Broadgate, as well as lettings to the likes of Facebook, UBS and Dentsu Aegis.
Current chief executive John Sutcliffe will continue to lead the company until the end of 2019. He will then remain in an advisory position until the AGM on 21 May 2020, when he will retire and step down from the board.
Chairman Jamie Boot said: “The board has conducted a rigorous selection process, with an external recruitment partner, during which both internal and external candidates were assessed for the role.
“We are delighted that this has resulted in the appointment of Tim, who stood out from our list of strong candidates due to his track record of success in property investment and development and his delivery of long-term value creation.
“On behalf of the board, I want to thank John for his dedication, professionalism and personal commitment through his time with Henry Boot and wish him well in his retirement. Under John’s leadership, Henry Boot has undergone important and necessary change and is now a stronger group.”
Roberts added: “I am very excited to be joining such a long-standing, well established business which, over the years, has generated strong financial performance.
“Henry Boot is in very good shape and I am joining a team that will not only continue to deliver strong returns, but also a business that has the organisational and capital structure to prosper. On a personal note, as a Yorkshireman, I am very happy to be returning to my home city of Sheffield.”
Sutcliffe said: “Since I joined Henry Boot in 2006, we have significantly increased the scale of the business and built a much larger future opportunity portfolio of profitable schemes, and I am proud of the value we have created for all our stakeholders.
“I have thoroughly enjoyed my time at Henry Boot and, at 61, it is an appropriate time to hand over my responsibilities to Tim, who I am sure will make a great success of the role.”