British Land hires Tesco executive as new Chief Finance Officer
Real estate firm British Land has announced the appointment of Bhavesh Mistry as its new Chief Financial Officer, who will join the company later this year.
Mistry is currently Deputy Chief Financial Officer at Tesco, a position he has held for over two years. Prior to this, he spent more than five years at Whitbread, where he was Finance Director of Whitbread Hotels & Restaurants.
He has previously held senior positions in finance and strategy at Virgin Media and qualified as a Chartered Accountant at KPMG.
He is expected to join British Land no later than 1 August 2021, with David Walker continuing in his role as Interim Chief Financial Officer until the transition is completed.
Simon Carter, Chief Executive of British Land said: "I am delighted Bhavesh is joining British Land at this important time for our business. His deep expertise in finance and wealth of experience in business transformation in fast moving industries will be invaluable as we continue to move our business forward and deliver against our strategic priorities."
Bhavesh Mistry, incoming CFO added: "I am very pleased to be joining British Land. The business benefits from high quality assets with exciting opportunities for growth and development. I'm looking forward to working with Simon and the team to realise this potential."
Last week, British Land announced it had managed to collect less than half of the rent it is due from the shops and other retail outlets that rent its space, as two-thirds of them were forced to close in January.