European listed property giant Unibail-Rodamco-Westfield (URW) has announced two additions to its management board coupled with a new group organisation in a bid ‘to bolster its agility in responding to the current challenges’ posed by the Covid-19 pandemic.
In addition to Jean-Marie Tritant, CEO and chairman of the management board, and Fabrice Mouchel, chief financial officer (CFO), URW’s management board will incorporate two new members.
Olivier Bossard has been appointed as chief investment officer (CIO) and 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, as chief resources officer (CRO), will lead the organisational transformation of the group to swiftly increase its effectiveness and efficiency, while focusing its resources on its essential activities and continuing to lead URW’s ambitious “Better Places 2030” CSR strategy.
The new management board will lead a more decentralised URW with empowered regions and a simplified corporate centre. The company has announced the creation of four new enlarged European regions and the US, each to be headed by a regional Chief Operating Officer (COO), reporting to Jean-Marie Tritant, CEO.
Aligned with this new setup, the corporate centre will primarily focus on strategic allocation of resources and performance monitoring.
As CFO, Mouchel will be in charge of adjusting the finance function to the new organization so as to reinforce the Group’s controlling capacities and effectively monitor URW’s performance.
Michel Dessolain is appointed chief customer officer (CCO), supervising strategic marketing, innovation, data, digital marketing and new revenues. Until a permanent CCO joins the group over the course of the year, he will structure this new function and bring in new skill sets to make URW a more customer, digital, and data driven company and harness future growth.
The MB will also be supported by an executive committee composed of the MB, the five regional COOs and executive managing directors, under the chairmanship of the CEO.
