| Mon 26 Sep 2011, 11:30 | | CSO - Capital Shopping Centres Group Plc - Change in directorate and |
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CSO
CSO
CSO - Capital Shopping Centres Group Plc - Change in directorate and
management structure
CAPITAL SHOPPING CENTRES GROUP PLC
(Registration number UK3685527)
ISIN No.: GB0006834344
Issuer Code: CSCSCG
JSE Code: CSO
CAPITAL SHOPPING CENTRES GROUP PLC
MONDAY 26 SEPTEMBER 2011
CHANGE IN DIRECTORATE AND MANAGEMENT STRUCTURE
Capital Shopping Centres Group PLC ("CSC") announces that Kay Chaldecott,
Executive Director of CSC, has notified the Board of her intention to stand
down as a Director with effect from 30 September 2011, after a 27 year
career with CSC where she has made an outstanding contribution to the
successful development of the group.
CSC has appointed Mike Butterworth as Chief Operating Officer reporting to
David Fischel, Chief Executive, with effect from 3 October 2011. Mike
Butterworth, FRICS, was previously the Chairman of CSC Trafford which
incorporated four of the group`s centres, the Trafford Centre and the
Manchester Arndale, Braehead in Glasgow and Cribbs Causeway, Bristol.
David Fischel, Chief Executive of CSC said "we understand Kay`s decision to
stand down, prompted by a desire for a change in lifestyle after 27 years
with the group. Kay has been a loyal and dedicated member of the executive
team and played an instrumental part in the development and success of the
group`s shopping centre business. We are delighted that Kay has agreed to
provide consultancy services to the group."
Kay Chaldecott said "I have enjoyed a tremendously rewarding career at CSC
for over 27 years and I wish my fellow directors and colleagues every good
fortune for the future in the knowledge that CSC has built a portfolio of
exceptional assets and is poised for further growth and development over the
coming years. I am pleased to continue my association with the group as a
consultant and pursue other business opportunities."
Mike Butterworth joined the Manchester Ship Canal Company, now part of the
Peel Group, in 1981, and became Property Director of Peel Holdings in 2002.
He was Managing Director of Trafford Centre Limited from 1996, responsible
for the opening of the Centre in 1998, until 2011 when he was appointed
Chairman of CSC Trafford following the acquisition of the Trafford Centre by
CSC.
Ends
Enquiries:Patrick Burgess, Chairman - Tel: +44 (0)20 7960 1242
David Fischel, Chief Executive - Tel: +44 (0)20 7960 1207
Date: 26/09/2011 11:30:01 Produced by the JSE SENS Department.
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