Capital & Regional executive director Ken Ford will step down from the board on 9 May.
Ford will remain with the property company on a full-time basis and continue to lead a number of key development initiatives until 31 December, at which point it is expected he will become an adviser to the company.
Blackstone’s Lawrence Hutchings is to become chief executive on 13 June, on which day chief executive Hugh Scott-Barrett will become non-executive chairman following the retirement of John Clare.