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25 MARCH 2021
Led by Executive Trustee and Chief Executive Mark Preston, Grosvenor will continue to focus on diversified international urban property, a growing international investment portfolio in food and agriculture, on the careful management of environmentally sensitive habitats across rural estates, and on supporting the charitable initiatives of The Duke of Westminster’s Westminster Foundation, as well as those directly initiated by Grosvenor businesses throughout the world.
Grosvenor’s new management structure and appointments include:
Chaired by Michael McLintock, an Investment Committee comprising Grosvenor’s Trustees, the newly created role of Chief Investment Officer (CIO), The Grosvenor Estate Chief Financial Officer and two independent advisors will be responsible for capital allocation as well as for matters of strategy and performance relating to the Estate’s commercial activities in international urban property, food and agriculture and in financial investments.
The Grosvenor Family Office is responsible for the management and enhancement of environmentally sensitive habitats within the Grosvenor family’s rural estates and for supporting their philanthropic activities through the Westminster Foundation.
Commenting on the announcement, The Duke of Westminster said:
“These changes will help us shape our long-term success, building on our international growth of the past 50 years and meeting the many and varied challenges of the next 50. I am confident we will continue to adapt and change, as we have many times in the past, to make a sustainable and meaningful impact on the communities we support and work alongside.”
Mark Preston, Executive Trustee and Chief Executive of The Grosvenor Estate, said:
“As Grosvenor has done many times before in its long history, we are making these changes to help the organisation better manage the challenges facing a new generation. We wish to build on our track record of balancing the pursuit of strong commercial results with the delivery of lasting social and environmental benefit.
“Whether by tackling the environmental impact of the built environment, improving biodiversity across the places we manage, providing new homes or commercial spaces across several of the world’s leading cities, contributing to a food supply chain that is better for human health, our ecosystems and producers or helping vulnerable young people by supporting the charitable initiatives of the Westminster Foundation, we want to make a tangible and positive difference to society.
“These structural changes, new appointments and governance simplifications will better equip each part of The Grosvenor Estate to adapt to economic, social, political, environmental and technological change and disruption. They will help foster more pace, innovation, diversity of thinking and entrepreneurialism, ultimately to better enable the organisation and the communities in which we are active to thrive through the 2020s and beyond.”