LONDON (ShareCast) - (ShareCast News) - Gerald Corbett has been appointed chairman-designate of Segro, taking over from Nigel Rich who announced last year he was stepping down.
Corbett has been a director of 12 public companies, chairing six of them including Betfair and Numis Corporation.

He had also served in the past as chief executive of Railtrack and finance director of Redland and Grand Metropolitan.

Segro chief executive David Sleath paid tribute to the outgoing chairman of the FTSE 250 company.

"I thank Nigel for his guidance and wise counsel over the past ten years, during which time we sold our US business, acquired Brixton and repositioned SEGRO to become a leading income-focused REIT."

Rich is delighted with his replacement.

"He brings a wealth of experience and joins a company in great shape, with exciting prospects ahead."

Corbett will join the board on March 1, and take over as chairman after the AGM on April 22.

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