{"id":163842,"date":"2021-01-08T12:02:00","date_gmt":"2021-01-08T12:02:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/westfield-announces-board-changes\/"},"modified":"2021-08-06T12:09:47","modified_gmt":"2021-08-06T12:09:47","slug":"westfield-announces-board-changes","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/westfield-announces-board-changes\/","title":{"rendered":"Westfield extends management board and changes group organisation"},"content":{"rendered":"
Unibail-Rodamco-Westfield has announced changes to its management board structure and group organisation<\/strong> \u201cto bolster its agility in responding to the current challenges and to prepare for the future\u201d, starting on immediately.<\/p>\n 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.<\/strong><\/p>\n Olivier Bossard, Chief Investment Officer, will be in charge of leading the Group\u2019s deleveraging effort<\/strong> through disposals as well as overseeing the value creation strategy based on a targeted allocation of resources.<\/p>\n Astrid Panosyan, Chief Resources Officer, will lead the organisational transformation of the Group to swiftly increase its effectiveness and efficiency<\/strong>, while focusing its resources on its essential activities.<\/p>\n The company said the changes mean a decentralisation of the group, with regions being empowered and the corporate centre being simplified.<\/p>\n Going forward, four new enlarged European regions and the US will be empowered to ground their operations on local market dynamics and customers.<\/strong> They will each be headed by a regional Chief Operating Officer, reporting to Jean-Marie Tritant, CEO.<\/p>\n As CFO, Fabrice Mouchel will be in charge of adjusting the finance function to the new organisation at Westfield, helping to reinforce the Group\u2019s controlling capacities and effectively monitor its performance.<\/p>\n 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.<\/p>\n