MEPC chief goes with pounds 700,000-plus pay-off
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.JAMES TUCKEY, chief executive of Britain's third largest quoted property company, MEPC, has quit with a pay-off of at least pounds 700,000 to make way for finance director Jamie Dundas, writes Anna Minton.
The news was greeted with enthusiasm by investors who had been concerned about reports of clashes at MEPC, where Mr Tuckey had been chief executive for 11 years, marking up shares 9.75p to 462.75p.
Mr Tuckey said the "time was right" to leave, as the restructuring was complete. His successor joined MEPC two years ago while Sir John Egan, the BAA chief executive, was appointed chairman last year.
Floris van Dijkum, property analyst at Morgan Stanley, said: "Dundas, with his financial background, is extremely popular with investors."
Mr Dundas said he would be pushing through substantialchanges: "I'm not ruling anything out."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments