Duchy of Lancaster appoints new CEO
The Duchy of Lancaster has announced the appointment of its new Chief Executive Officer, Nathan Thompson, who will start in post from August 2013.
Nathan trained as a Chartered Surveyor and brings with him 25 years of property experience. He was part of the MEPC plc’s Executive Committee and ran their Central London business. He went on to become a Director of JER Partners, a US private equity fund. Latterly, he was the Managing Director of the Property Division of Forth Ports plc and a member of their Group Management Board.
Nathan will also assume the role of Clerk of the Duchy Council, the Duchy’s decision-making body, which is chaired by Lord Shuttleworth, a former Abbey National Director who is currently Chairman of Trustees of the Abbey National Group Pension Funds and Lord-Lieutenant of Lancashire. From the 7th of May, Nathan will begin touring the Duchy’s various properties and estates and officially begins as CEO on the 1st of August 2013.
The current CEO, Paul Clarke, leaves the Duchy after nearly 13 years at the helm.
He said: “I’ve thoroughly enjoyed my time at the Duchy of Lancaster and am pleased to leave it in Nathan’s very capable hands. I know everyone at the Duchy will wish him the best of luck as he begins his new role, which I know from experience, can be challenging as well as incredibly rewarding.
“I’m also very pleased that despite recent trends in the broader property market, I leave with the Duchy in a healthy and robust shape and with lots of exciting opportunities ahead of it.”
Nathan said: “I am delighted to be given the opportunity to be part of this historic and prestigious organisation. The Duchy of Lancaster has an impressive and diverse portfolio of assets as well as a strong team. I am very much looking forward to working with them and all those involved with the Duchy.”
The Duchy of Lancaster is a private portfolio of land, property and assets across the UK held for the Sovereign in Right of His or Her Duchy of Lancaster. The Duke of Lancaster is a hereditary title, which the King or Queen of the day holds.