Lawrence Hutchings will start his role as chief executive at Capital & Regional today.
He will officially join the company’s board tomorrow, and replaces Hugh Scott-Barrett, who becomes non-executive chairman at the retail property REIT following the retirement of John Clare in February.
Hutchings said: “I am looking forward to getting going in my new role and to gaining a deeper understanding of the business together with the many opportunities I believe the portfolio holds, to deliver further value for shareholders.”
Scott-Barrett added: “I have every confidence in handing the reins over to Lawrence at this stage in the company’s growth. His skillset and expertise in the retail property sector will be invaluable to its future development.”