Landsec COO to step down

Real estate company Landsec has announced that Colette O’Shea will be leaving the organisation as the business moves into the next phase of its growth strategy.

O’Shea first joined Landsec in 2003, before becoming Managing Director of the London portfolio in 2014,  joining the Board in 2018 and becoming Chief Operating Officer in 2020.

In her role, O’Shea has supported the company's CEO Mark Allan to develop and implement its growth strategy. As this strategy enters its next phase, Landsec has said there will be an increased emphasis on operational autonomy within business units, meaning the role of COO is no longer critical to its operations.

She will cease to be a Director of the Company on 30 September 2022 and then step down from her role as Chief Operating Officer with effect from 31 March 2023 after a transitional period.

Mark Allan, CEO of Landsec, said: “Landsec has been incredibly fortunate to have someone of Colette’s skills, focus and drive at its heart for such a period of time. Over her time with us, few people have done more to reshape our business, and with it, the city of London. Speaking personally, I am immensely grateful for all the support she has shown me, particularly as I joined at the start of the pandemic, which she helped us to navigate with typical clarity and compassion.”

Colette O’Shea, Chief Operating Officer at Landsec, added: “I’m proud of the time I’ve worked at Landsec and have enjoyed many great opportunities and experiences. It has been a privilege to work on some fantastic schemes and with some truly brilliant people across our various teams. While I’ll miss working alongside them, I know they will carry on going from strength to strength and I look forward to seeing them, and Landsec, continue to grow.”