St Modwen appoints new chief executive

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Birmingham property and construction group St Modwen has appointed a new chief executive.

The listed group, which is spearheading the long-running £1 billion regeneration of Longbridge where it is headquartered, has recruited Sarwjit Sambhi.

Mr Sambhi was most recently chief executive of Centrica Consumer and a member of the board at Centrica plc, the FTSE 250 energy group which owns British Gas.

He held various senior positions during his 19-year tenure at the company including roles in strategy, finance, major capital projects and renewable energy before leading its consumer arm.

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This division focused on providing energy and home services to the nine million customers of British Gas.

Prior to Centrica, Mr Sambhi was at the technology and management consultancy Booz Allen & Hamilton.

He replaces Mark Allan who announced in November that he was stepping down to join Land Securities after three and half years in the role.

Mr Sambhi, who will commence in the post on November 2, said: “I am proud to be joining St Modwen.

“It is a strong business with considerable opportunities to leave a lasting legacy by creating homes, establishing new communities and delivering high-quality industrial and logistics spaces.

“I am looking forward to getting to know the business, its committed people and the many different stakeholders for whom and with whom the business will thrive.”

Chairwoman Danuta Gray added: “Sarwjit’s breadth of experience and proven leadership capability in a large and complex organisation strongly positions him to deliver St Modwen’s stated strategy.

“The board believes he is a great fit for St Modwen and well qualified to lead the business and develop the company for further success, creating value for all our stakeholders.

“I’d also like to take this opportunity to thank Rob Hudson for his strong leadership as interim chief executive over the past six months, during what has been a very challenging period.

“Despite this, the company has remained resilient operationally and performed strongly.”


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