Wrap Text
Changes to Management Structure
INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: ITU
7 JANUARY 2016
CHANGES TO MANAGEMENT STRUCTURE
Intu Properties plc (“intu” or “the Group”) announces that following the retirement of Mike
Butterworth, chief operating officer, at the end of 2015, the following changes have been
made to intu’s senior management structure.
Martin Breeden has been appointed development director, with responsibility for
development across the UK. He will continue to oversee intu’s Spanish business which has
a major development focus. Martin, who has over 20 years’ experience in the retail property
industry, joined intu in 2002. He is currently a regional director and has led on a number of
corporate and major regeneration projects, including the acquisition of Puerto Venecia,
Zaragoza and the redevelopment of intu Victoria Centre, Nottingham.
Julian Wilkinson has been appointed as asset management director, responsible for
optimising the performance of intu’s UK shopping centres. Julian joined intu in 2011, when
intu Trafford Centre became part of the Group, and also has over 20 years’ retail property
experience working for both retailers and landlords. He is currently a regional director with
responsibility for a number of intu’s major centres including intu Trafford Centre and intu
Merry Hill.
Both Martin and Julian will report to David Fischel, chief executive, and join the Group
Executive Committee. As with the former chief operating officer role, they will not be
directors of the main Board of Intu Properties plc.
Matthew Roberts, chief financial officer, will assume responsibility for centre based
operations whilst retaining his existing responsibilities. As a result, Gordon McKinnon,
operations director, will now report directly to Matthew.
With these appointments and changes, the former role of chief operating officer will not be
directly replaced.
David Fischel commented: “These appointments highlight the strength and depth of senior
management within intu. They also ensure we continue to have high quality and experienced
people focused on delivering our strategy of optimising asset performance, driving
development momentum and seizing the growth opportunity in Spain. I wish Matthew, Martin
and Julian every success in their revised roles.”
ENQUIRIES
Intu Properties plc
David Fischel Chief Executive +44 (0)20 7960 1207
Matthew Roberts Chief Financial Officer +44 (0)20 7960 1353
Adrian Croft Head of Investor Relations +44 (0)20 7960 1212
Public relations
UK: Justin Griffiths, Powerscourt +44 (0)20 7250 1446
SA: Frédéric Cornet, Instinctif Partners +27 (0)11 447 3030
Sponsor:
Merrill Lynch South Africa (Pty) Limited
NOTES FOR EDITORS
intu is the leading owner and manager of prime regional shopping centres in the UK.
A FTSE 100 company, intu owns and operates many of the UK’s biggest and most popular retail and leisure
destinations, including nine of the top 20, incorporating super-regional centres such as intu Trafford Centre, intu
Lakeside and intu Metrocentre, together with a number of city centre locations from Watford to Newcastle.
With over 23 million sq. ft. of space hosting top UK and international retailers from Apple to Zara, intu centres
attract some 400 million customer visits from over half of the UK’s population every year.
intu has a UK investment pipeline of £1.5 billion over the next ten years to add 2.6 million sq. ft. of new retail and
leisure space, of which 1.7 million sq. ft. is already consented. Major projects due to be underway soon include
the extension and refurbishment at intu Watford and the leisure expansion at intu Lakeside.
intu also has a growing presence in the Spanish market, owning two of Spain’s top 10 centres, intu Asturias in
Oviedo, and Puerto Venecia in Zaragoza, a development site in Malaga with options on a further three sites in
Valencia, Palma and Vigo.
intu creates a compelling experience for its customers, both on and offline, delivering on its brand promise to
provide the most digitally connected shopping centres, world-class service and events with a difference. National
initiatives include the annual ‘Everyone’s Invited’ event which in 2014 increased footfall that weekend by an
average of 13%. Our objective is for customers to come more often and stay for longer, in turn helping intu’s
retailers to flourish.
With some 115,000 people employed at intu’s centres in the UK, representing some 4% of the UK’s total retail
workforce, intu is fully committed to supporting its local communities and the wider environment and is proud to
have received widespread recognition for its Corporate Responsibility achievements, including the coveted BitC
CommunityMark.
For further information see www.intugroup.co.uk
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