Grosvenor CEO to step down after 20-year tenure

- Wietske Blees
- 06 Dec 2007

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Newsum is stepping down after almost 20 years as group chief executive. He stays on the board of Grosvenor as a non-executive director. In addition, he will continue his work as executive trustee of the Grosvenor Estate, which includes all the business and private interests of the Grosvenor family, a position he has held since 1993.

Newsum will be succeeded as group chief executive by Mark Preston, currently chief executive of Grosvenor Britain & Ireland, the largest business within the property development, investment and fund management group. Preston has also headed the US business within Grosvenor Americas, and Grosvenor’s international fund management business.

Succeeding Mark Preston as chief executive of Grosvenor Britain & Ireland will be Peter Vernon. He is currently executive director of Grosvenor Britain & Ireland.

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