Source - LSE Regulatory
RNS Number : 4668N
Safestore Holdings plc
30 September 2021

Safestore Holdings plc


("Safestore" or the "Company")


Directorate Changes


 Safestore Holdings plc announces the following directorate changes:


Resignation of Non-Executive Directors

After 7 years and 5 years respectively, Jo Kenrick and Bill Oliver's resignations as Non-Executive Directors of the Company with effect from 31 October 2021.


Non-Executive Director Appointments

Laure Duhot and Delphine Mousseau's appointment as independent Non-Executive Directors with effect from 1 November 2021. 


Laure Duhot brings over 30 years of senior executive level experience in the investment banking and property sectors, specialising in alternative real estate assets, and has been a non-executive director at a number of funds and property companies.


Laure started her career in the investment banking sector and has developed a focus on the property sector. She has held senior roles at Lehman Brothers, Macquarie Capital Partners, Sunrise Senior Living Inc., Pradera Limited and Grainger plc and latterly as Head of Investment and Capital Markets - Europe at Lendlease. She is currently a non-executive director of Primary Health Properties plc and NB Global Monthly Income Fund Limited, a premium-listed Guernsey registered fund. Formerly Laure was a non-executive director of InLand Homes plc and MedicX Fund, which merged with Primary Health Properties plc in March 2019.


Delphine Mousseau brings over 25 years of senior executive level and consultancy experience in e-commerce and customer engagement across Europe, specialising in retail.


Delphine began her career as a Project Manager at the Boston Consulting Group before moving on to join where she became Head of Operations. Between 2007 and 2011, she was Director of E-Commerce for Europe at Tommy Hilfiger and then became an independent consultant, primarily for the former Primondo Specialty Group which was Carlyle owned. Latterly Delphine was VP Markets at Zalando. Based in Germany, Delphine is currently non-executive director at Fnac-Darty SA and Aramis Group SAS, both listed on Euronext Paris.


David Hearn, Chairman, commented:


"On behalf of the entire Board, I would like to thank Jo Kenrick and Bill Oliver for their substantial contribution over many years to the success of Safestore. During their time on the Board, the business has expanded on all fronts - geographic footprint, square footage, revenues and margins and both Bill and Jo have made a significant contribution to this success. We wish them both well in all their future endeavours.


Separately, I would like to welcome Laure and Delphine onto the Board from November. Laure's extensive experience in investment banking specialising in the property sector, together with Delphine's experience in e-commerce and customer engagement both as an entrepreneur and within larger organisations will be highly valuable. Together they will bring these important skills to the Safestore Board, especially across our expanding continental European businesses which will contribute to the continued growth of the business in this next phase of our development."


There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 in relation to the appointments of Laure Duhot and Delphine Mousseau.


Delphine and Laure's appointments as members of the Company's Board Committees will be announced at a later date.


30 September 2021





Safestore Holdings plc

020 8732 1500

Frederic Vecchioli, Chief Executive Officer

Andy Jones, Chief Financial Officer



Instinctif Partners

020 7457 2020

Guy Scarborough

Bryn Woodward




Notes to editors:


·   Safestore is the UK's largest self-storage group with 161 stores at 31 July 2021, comprising 128 wholly owned stores in the UK (including 71 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle and Bristol) and 29 wholly owned stores in the Paris region and four stores in Barcelona. In addition, the Group operates nine stores in the Netherlands and six stores in Belgium under a joint venture agreement with Carlyle.


·      Safestore operates more self-storage sites inside the M25 and in central Paris than any competitor providing more proximity to customers in the wealthiest and densest UK and French markets.


·      Safestore was founded in the UK in 1998. It acquired the French business "Une Pièce en Plus" ("UPP") in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.


·     Safestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015.


·      The Group provides storage to around 80,000 personal and business customers.


·      As at 31 July 2021, Safestore had a maximum lettable area ("MLA") of 6.983 million sq ft (excluding the expansion pipeline stores, and the Carlyle Joint Venture) of which 5.985 million sq ft was occupied. In addition, Safestore has a development pipeline of a further 702,000 sq ft of MLA.


·      Safestore employs around 700 people in the UK, Paris and Barcelona.



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