McKay Securities PLC has announced board changes. After eleven years on the Board, including the last nine as non-executive Chairman, David Thomas has advised that he intends to stand down as Chairman and as a Director at the conclusion of this year's Annual General Meeting to be held in July. The Board has announced that Richard Grainger, an independent non-executive Director of McKay since May 2014, will succeed David Thomas as non-executive Chairman from the conclusion of the AGM.

Richard is Chairman of Harrington Brooks; a non-executive Director of Palmer and Harvey; and a senior Advisory Board member of MHP. Richard was previously a non-executive Director of Safestore PLC from 2007 and Chairman from 2008 to 2013. The company also announced that Jon Austen has been appointed to the Board as an independent non-executive director and as a member of the Audit, Remuneration and Nomination Committees with effect from 1st July 2016.

Jon has gained extensive experience in the property sector with senior finance roles at London and Edinburgh Trust PLC, Pricoa Property Plc and Goodman Ltd. He was Group Finance Director of Terrace Hill plc from 2008 to 2014 and, having implemented its reverse takeover of Urban & Civic and the associated capital raising in 2014, he has since been Group Finance Director of Urban & Civic plc (as the combined group was renamed following its relisting). The company also announced that from the conclusion of the AGM, Nick Shepherd, an independent non-executive director since January 2015, will become Chairman of the Remuneration Committee, and Jon Austen will become Chairman of the Audit Committee.