Entire Home REIT board commits to step down on publication of results as chair Fennah replaced

‘The right time to step aside’

The full board of directors at Home REIT has committed to step down from their positions upon the publication of the trust’s long-delayed financial results, while chair Lynne Fennah ends her role with immediate effect.

According to a regulatory filing, Fennah has been replaced by Michael O'Donnell, although the outgoing chair will remain on the board as a non-executive director to "provide continuity". £564m written off as Home REIT portfolio shrinks 58% in revaluation O'Donnell currently sits as a director on the FTSE 250-listed Big Yellow Group, a self-storage company, and has held a large range of directorships over the past 15 years, including on Helical, a property developer. He served for more than a decade as a managing director at LGV Capital, Legal & General's former private equity arm. ...