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-CityBritishLand

British Land boss stepping down to join warehouse developer

Russ Mould, investment director at AJ Bell, said: “It’s only taken 12 days for the first FTSE 100 CEO change to be announced, disregarding changes which had already been flagged last year.

“If we were to continue at a similar rate in the remainder of 2026 there would be more than double the changes made in 2025.

“For British Land, it is less a tale of shareholder impatience or a more cut-throat corporate environment.

“Chief executive Simon Carter is leaving to pursue a new opportunity in warehousing and logistics.

“The market reaction implies mild disappointment at his departure, after Carter steered the company through the disruption of the pandemic.

“It’s been a difficult time for the UK property space but there are green shoots of recovery now appearing.”

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