Newcastle-headquartered Grainger plc, the UK’s largest listed residential landlord, announced that Robert Hudson of St. Modwen Properties is to be appointed as Grainger’s next chief financial officer (CFO).
“Rob is currently chief finance and operations officer of St. Modwen Properties plc and from April 2020 was the interim chief executive, relinquishing this role when the new CEO joined in November,” said Grainger.
“He has over 26 years’ experience in finance and real estate; immediately prior to St. Modwen he was group financial controller at FTSE 100 REIT, British Land Co plc, from 2011-2015.
“From 2000-2011 he held senior financial roles at Experian plc, including global finance director of its decision analytics business and UK Finance Director.
“He is a qualified Chartered Accountant from PwC.
“Rob, who will join Grainger as an executive director on the PLC board, is expected to start later this year.
“He will succeed Vanessa Simms, who informed the board in October 2020 of her intention to step down as CFO during 2021.”
Hudson will receive a base salary of £410,000 and benefits including a car allowance (or equivalent cash supplement) of £15,000, eligibility for private health care, life assurance “of 4x base salary” and permanent health insurance.
He will also receive a cash pension allowance of 10% of base salary.
Hudson will be eligible to participate in Grainger’s annual bonus scheme with a maximum opportunity of 120% of base salary.
He will be eligible to participate in the Grainger Long Term Incentive Plan (LTIP) with a maximum annual award of 175% of base salary.