The full board of directors at Home REIT has committed to step down from their positions upon the publication of the trust’s long-delayed financial results, while chair Lynne Fennah ends her role with immediate effect.
According to a regulatory filing, Fennah has been replaced by Michael O'Donnell, although the outgoing chair will remain on the board as a non-executive director to "provide continuity". £564m written off as Home REIT portfolio shrinks 58% in revaluation O'Donnell currently sits as a director on the FTSE 250-listed Big Yellow Group, a self-storage company, and has held a large range of directorships over the past 15 years, including on Helical, a property developer. He served for more than a decade as a managing director at LGV Capital, Legal & General's former private equity arm. ...
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