Redefine International today announced changes to its board that will strengthen it with significant financial and real estate experience, following its conversion to a UK Real Estate Investment Trust (UK-REIT).
Sue Ford and Stephen Oakenfull were appointed to the Board of Directors of Redefine International with effect from 17 December 2013. The appointments follow the decision by Ita McArdle and Mark Taylor to retire from the board at the conclusion of the company’s next AGM.
“We are extremely grateful to Ita and Mark for their valuable contribution to Redefine International during our evolution over the past few years,” says Redefine International Group CEO Mike Watters.
Sue Ford will join the board as a non-executive director. Sue is a chartered accountant with over 25 years’ experience working within various organisations overseeing finance, strategy and governance matters. Sue was a co-founder and former finance director for Metric Property Investment P.L.C., a UK-REIT prior to its merger with London & Stamford P.L.C. to form LondonMetric Property P.L.C.
Stephen Oakenfull joins the board as Deputy Chief Executive Officer. Stephen is a CFA charterholder with a BSc (Hons) Degree in Construction Management. For the past five years, Stephen was Chief Operating Officer of Redefine International Fund Managers Limited, the Investment Adviser to Redefine International. Prior to this, Stephen worked for DTZ Corporate Finance in London and as a management consultant for Turner & Townsend, an international construction and management consultancy, both in South Africa and London.
Watters notes: “The new appointments will help strengthen the Board going forward. It will benefit from Sue’s significant UK-specific experience in the areas of finance, capital markets, UK-REITs and retail property. Stephen’s appointment as Deputy Chief Executive Officer is clear recognition of the depth of skill and expertise he delivers to the company.”