Capital & Regional names new chief executive
He will succeed Hugh Scott-Barrett, who having led the company for almost nine years, has advised the board of his desire to step down.
Scott-Barrett will become non-executive chairman following the retirement of John Clare. The changes will become effective on 13 June 2017.
Hutchings will join the business following four years at Blackstone in Australia where he was managing director. Prior to that, he was at Hammerson where held the position of managing director – UK Retail. He also spent almost seven years at Henderson Global Investors.
Tony Hales, senior independent director, commented: “Lawrence Hutchings not only brings a deep understanding of UK retail from his senior management roles at both Hammerson and Henderson Global Investors but a real passion for the sector. His skills and expertise, together with his experience at Blackstone, will be very valuable for the future growth of Capital & Regional, building on the significant momentum achieved by the company over the past few years.”
Capital & Regional owns six shopping centres in Blackburn, Hemel Hempstead, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre in Ipswich.
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