Chesterton Chairman, Peter Brooks, said:. 'Lorraine brings years of experience in the property market particularly from an investment and financial perspective. She combines management expertise, business experience and a strong property background, making her an excellent candidate for this job.'

Baldry replaces Michael Holmes who stepped down in September 2001 after the company was forced to issue its second profit warning of the year. Subsequently Chairman Brooks led a swingeing cost-cutting programme including substantial redundancies. However, in a trading statement last month the company said trading conditions had now stabilized.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.