Helical Bar boss Mike Slade steps down and takes up non-executive chairman roleComments Off on Helical Bar boss Mike Slade steps down and takes up non-executive chairman role
Helical Bar’s flamboyant chief executive Mike Slade, renowned for his ability to call the property market, is stepping down from the firm he has run since 1984.
The veteran developer and sailing fan told the Standard that when he steps down in July, he will “certainly miss the banter” with some of London’s best-known property bosses, including Land Securities’ Rob Noel and Exemplar’s Dan Van Gelder.
He plans to do more sailing and help his wife with her horse-breeding.
Slade will be replaced by development director Gerald Kaye and become non-executive chairman.
Although such appointments are not always considered common practice, it is not unheard of in the property sector.
Helical Bar said: “Ultimately the nominations committee believed that Mike Slade would offer the company the best possible level of experience, access to important relationships and knowledge of property markets.”
The update came as the company said pretax profit doubled to £85.9 million in the six months to 30 September.
It was helped by revaluation gains.