Real Estate Investors Names Crabtree New Non Executive Chairman

29th Jun 2010 07:38

LONDON (Dow Jones)--Real Estate Investors PLC (RLE.LN), a West Midlands based property group, Tuesday announces the appointment of John Crabtree, as non executive Chairman and William Wyatt as non executive director of the Board, both with effect from June 28. MAIN FACTS: -Crabtree replaces Peter Lewin who is standing down as Chairman, but will remain on the Board as a non executive director. -John Rawcliffe Airey Crabtree OBE (aged 60) has a very wide variety of business, community and charitable interests, predominantly in the West Midlands. -William Penfold Wyatt (aged 41) is an executive director of Caledonia Investments, which owns 28.17% of REI. -He is due to take over as CEO of Caledonia in July this year. -Shares closed Monday at 6.5 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 29, 2010 02:38 ET (06:38 GMT)