Westfield extends management board and changes group organisation

Westfield Stratford

Unibail-Rodamco-Westfield has announced changes to its management board structure and group organisation “to bolster its agility in responding to the current challenges and to prepare for the future”, starting on immediately.

In addition to Jean-Marie Tritant, Chief Executive Officer and Chairman, and Fabrice Mouchel, Chief Financial Officer, the management board will incorporate two new members.

Olivier Bossard, Chief Investment Officer, will be in charge of leading the Group’s deleveraging effort through disposals as well as overseeing the value creation strategy based on a targeted allocation of resources.

Astrid Panosyan, Chief Resources Officer, will lead the organisational transformation of the Group to swiftly increase its effectiveness and efficiency, while focusing its resources on its essential activities.

The company said the changes mean a decentralisation of the group, with regions being empowered and the corporate centre being simplified.

Going forward, four new enlarged European regions and the US will be empowered to ground their operations on local market dynamics and customers. They will each be headed by a regional Chief Operating Officer, reporting to Jean-Marie Tritant, CEO.

As CFO, Fabrice Mouchel will be in charge of adjusting the finance function to the new organisation at Westfield, helping to reinforce the Group’s controlling capacities and effectively monitor its performance.

Michel Dessolain has also been appointed Chief Customer Officer until a permanent CCO joins the Group in 2021, supervising strategic marketing, innovation, data, digital marketing and new revenues.