Landsec COO to exit as property giant's strategy evolves
Landsdec is moving on to the next phase of its growth strategy. And that means there's no position for its Chief Operating Officer Colette O'Shea. Although the commercial property giant announced Friday she will be stepping down as a company director on 30 September, she will remain COO until 31 March 2023, leaving “after a transitional period”.
Landsec said since 2020, she has supported CEO Mark Allan to develop and implement his growth strategy, establishing new structures and ways of working.
“As this strategy enters its next phase, there will be an increased emphasis on operational autonomy within business units, meaning the role of COO is no longer critical to its operations”, Landsec said.
She joined Landsec in 2003 before becoming Managing Director of its London portfolio in 2014, joining the board in 2018 and becoming Chief Operating Officer in 2020. She has overseen numerous projects in Landsec's portfolio.
Allan said: "Landsec has been incredibly fortunate to have someone of Colette's skills, focus and drive at its heart for such a period of time. Over her time with us, few people have done more to reshape our business, and with it, the city of London. Speaking personally, I am immensely grateful for all the support she has shown me, particularly as I joined at the start of the pandemic, which she helped us to navigate with typical clarity and compassion."
O’Shea added: “It has been a privilege to work on some fantastic schemes and with some truly brilliant people across our various teams. While I'll miss working alongside them, I know they will carry on going from strength to strength and I look forward to seeing them, and Landsec, continue to grow.”
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