British Land hailed a changing of the guard yesterday as it ousted two of its longest-serving and highest-paid executive directors.
The 163-year-old property company said that Tim Roberts, head of offices, and Charlie Maudsley, head of retail, leisure and residential, were leaving the business by mutual agreement.
Roberts, 54, has been at the company for 22 years and was appointed to the board in 2006. Since then he has been head of the £6.1bn offices portfolio. Maudsley, 54, joined in 2010. The retail and leisure assets are worth £6.4bn.
