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Hammerson appoints former AIG executive James Lenton as new CFO
21st Aug 2019 07:27
(Sharecast News) - Property development and investment company Hammerson has appointed former AIG executive James Lenton as its new chief financial officer with effect from 1 October.
Hammerson said that Lenton, who succeeds Timon Drakesmith, has extensive experience in financing, rigorous capital allocation and business transformation, gained through senior roles at global financial and professional services organisations.
Lenton recently left global insurer and investment business AIG, which he originally joined in 2013 as deputy CFO for EMEA. In 2014 he was promoted to CFO and board member of AIG's European Group, a position he held for four years.
Prior to that, Lenton worked at EY, where he was appointed partner in 2006, providing a range of assurance and advisory services including M&A, financing and external audit. From 2011, he was responsible for developing a new global strategy for the insurance assurance practice.
Hammerson said Drakesmith will step down as an executive director on 1 October and leave the group on 15 November following a handover period with Lenton.
Chair of the board David Tyler said: "We look forward to welcoming James to the business. During his career he has demonstrated significant success in working with and managing complex organisations which are experiencing periods of substantial change.
"We expect his track record in this area, combined with his ability to bring a fresh perspective, to be very valuable to the on-going management and performance of Hammerson."
Hammerson said that Lenton, who succeeds Timon Drakesmith, has extensive experience in financing, rigorous capital allocation and business transformation, gained through senior roles at global financial and professional services organisations.
Lenton recently left global insurer and investment business AIG, which he originally joined in 2013 as deputy CFO for EMEA. In 2014 he was promoted to CFO and board member of AIG's European Group, a position he held for four years.
Prior to that, Lenton worked at EY, where he was appointed partner in 2006, providing a range of assurance and advisory services including M&A, financing and external audit. From 2011, he was responsible for developing a new global strategy for the insurance assurance practice.
Hammerson said Drakesmith will step down as an executive director on 1 October and leave the group on 15 November following a handover period with Lenton.
Chair of the board David Tyler said: "We look forward to welcoming James to the business. During his career he has demonstrated significant success in working with and managing complex organisations which are experiencing periods of substantial change.
"We expect his track record in this area, combined with his ability to bring a fresh perspective, to be very valuable to the on-going management and performance of Hammerson."