British Land CFO Bhavesh Mistry to step down

British Land announced that Chief Financial Officer Bhavesh Mistry will step down from his role as CFO and Executive Director to join Kingfisher plc as its new CFO.

Mistry will remain in his current role while a replacement is found and to ensure an effective transition of his responsibilities. He has a 12 month notice period and a date for his departure will be agreed.

Prior to joining British Land, Mistry was Deputy Chief Financial Officer at Tesco PLC.

A search for a new CFO is underway and a further announcement will be made in due course, said British Land.

Simon Carter, CEO of British Land, said: “I’d like to thank Bhavesh for his significant contribution in the past three years over which time we have allocated capital well, controlled costs and positioned the balance sheet to seize the opportunities that are now emerging.”