Land Securities’ Boss to Save Business in 6 Months

The boss of Land Securities, which has reported very poor quarterly results, has been given 6 months to bring the business back to life. Francis Salway, the boss of Land Securities, has only half a year to develop a new business strategy, which should help to save one of the largest UK property companies, otherwise he will face the risk of getting fired. The hard line decision was taken by Alison Carnwarth, the new chairwoman of the company, after the quarterly results of the company were published and demonstrated £4.8 billion losses. Apart from Mrs. Carnwarth, a number of other independent directors of Land Securities believe that Mr. Salway and his deputy, Mike Hussey, might be taking the posts that they are not entitled to. It is important to note that Mrs. Carnwarth is considered one of the best UK independent directors in the property sector and there is no doubt that her intentions are aimed at improving the financial situation of Land Securities. Once Alison Carnwarth said that the Board of Directors of Land Securities wants to see its company taking opportunities and that is why they are running the company in a rather demanding way by taking a hard look on where the current team is likely to take the business. Carnwarth is believed to be trying hard to make Land Securities a leader in the industry. She wants to see it as a consolidator, and she is believed to act in an offensive, rather than in a defensive manner to achieve her goals.