Mark Preston to become new Chief Executive of Grosvenor

Grosvenor - the international property development company, and major Mayfair land owner - has announced that Mark Preston will take over as Chief Executive from Jeremy Newsum on 30th June 2008. Preston is currently Grosvenor's Chief Executive of Grosvenor Britain & Ireland and will be succeeded in that role by Peter Vernon.

The Duke of Westminster, Chairman of the Grosvenor Trustees, the shareholders of
Grosvenor, said: “Jeremy is handing over an internationally renowned business that has a scope and scale very different to that which existed 20 years ago. He has continued the evolution of the business while maintaining the character and culture that make
Grosvenor such a special company.”

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