Lawrence Hutchings, Managing Director of property company Hammerson's UK retail operations, is to step down from the business at the end of September for family reasons.
Lawrence, a member of Hammerson's Group Executive Comittee, will be taking a sabbatical to spend more time with his family in Australia.
The heads of the the three operational divisions of the UK retail business will now report directly to David Atkins, Chief Executive of Hammerson.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Martin Plocica will become Director, UK Shopping Centres; Andrew Berger-North remains Director, Retail Parks and Simon Travis will continue to be responsible for managing Hammerson's investment in Value Retail.
JH
-
Saba Capital and Boaz Weinstein respond to investment trustsAs investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
-
How to find top-quality companies with growing dividendsIan Mortimer, portfolio manager of Guinness Global Equity Income Fund, shares where he would put his money for sustainable and growing dividends
