Intu appoints chief restructuring officer
Shopping centre operator Intu has appointed David Hargrave as a non-executive director and chief restructuring officer.
The company is currently working through a strategy to fix its balance sheet.
After working for 33 years in the transaction businesses of the big four accounting firms, Hargrave has extensive of experience of leading processes of change or restructuring within businesses. He was a partner at EY from 2008 to 2019 and prior to that he worked with PwC as a partner.
John Strachan, Intu’s chairman, said: “I am delighted to welcome David to the board of Intu. He brings a wealth of highly relevant experience from business turnarounds and restructuring. This will be of significant benefit as we work towards fixing the balance sheet and we look forward to his contribution to the board’s deliberations.”
