Quintain Estates & Developments has appointed Simon Carter as its new finance director.
Carter has been at British Land for a decade and previously worked under finance director Lucinda Bell as head of corporate finance. Prior to British Land Carter worked for UBS and Arthur Andersen.
In October Quintain announced that its current finance director Richard Stearn had resigned from his position to take up the same role at residential specialist Berkeley Group. He will leave the company no later than 3 April. Stearn’s move will be a return to Berkeley, having been financial controller prior to joining Quintain in 2012.
Max James, chief executive of Quintain, said: “Simon… has gathered excellent experience across several senior financial roles. His broad expertise makes him ideally suited to join the Quintain Board as finance director as we continue to implement our strategy.”
Carter added: “I… look forward to playing a key role driving the company’s financial and strategic performance. I would like to thank my current colleagues for the very rewarding and enjoyable time I have spent at British Land.”
Carter will receive a basic annual salary of £265,000 and will be granted replacement share awards over 977,776 Quintain shares in lieu of his entitlement over British Land shares that he will forfeit. He will also receive a cash payment on joining Quintain of £220,000 in lieu of his annual bonus at British Land.