Derwent London chief executive Paul Williams has announced plans to retire after nearly four decades with the business.
Williams will remain in his role until his successor is in place at which point he will step down from the board.
He joined Derwent in 1987 and was appointed as an executive director in 1998 with responsibility for leasing, asset management and development. He was appointed chief executive of the company in 2019.
The process to appoint Williams’ successor will commence immediately and be led by chairman Mark Breuer.
Breuer said: “I would like to thank Paul for his dedication and commitment over the last 38 years. During his distinguished career, including his tenure as chief executive, he has made an outstanding contribution to Derwent London. With its market leading position, ongoing commitment to capital recycling and significant development pipeline, Derwent London is well placed to create significant value for shareholders.”
Williams added: “It has been a huge privilege to have been part of the Derwent story and to have had the opportunity to lead the business over the last six years. I am very proud of what we have achieved, positioning the business with world class assets in prime locations across London, attracting sustained and strong occupational demand. I would like to thank my fellow directors and all the team for their continued hard work and support. I remain fully focused on driving the performance of the business until my successor is in place.”
