CEO resigned without a clear successor to take over......
the incumbent did a pretty good job in bringing CIT to what it is today. hopefully the shoes will not be too large for the incoming ...
press release
"The Board of Cambridge Industrial Trust Management Limited (“CITM”), the Manager of
Cambridge Industrial Trust (“CIT”), wishes to announce that Mr. Chris Calvert has
tendered his resignation as Chief Executive Officer (“CEO”) and Executive Director of
CITM and that it has been accepted by the Board. Mr. Calvert will be relocating back to
Australia for family reasons.
The Board thanks Mr Calvert for his service and congratulates him on his leadership of
CIT over the last five years, a period of significant achievements for CIT in an uncertain
environment.
The Board has appointed a new CEO which is subject to clearance from the appropriate
authority. A further announcement will be made once the appointment becomes effective.
To ensure a smooth transition, Mr. Calvert will remain with CITM until then.
"
