Rachel Lavine has stepped down as CEO of Tel Aviv-based international shopping centre landlord Gazit-Globe, but will continue to serve as vice chairman of the group's CEE subsidiary Atrium Europe Real Estate and remains on the board of the Nordic business, Citycon.
Dori Segal, executive vice chairman of Gazit-Globe, has been named CEO of the group. Segal has served as CEO of Gazit-Globe between 1998 and 2008, and as president and CEO of First Capital Realty from 2000 to 2015.
'Gazit-Globe is an amazing real estate group that has many opportunities and challenges ahead. It is blessed with very professional and hands on two large shareholders and excellent management,' said Rachel Lavine, CEO of Gazit-Globe. 'I believe that the new strategy of Gazit Globe, among other things, increasing private real estate, will prove itself in the coming years. I am delighted to have the opportunity to continue and contribute from my experience as vice chairman in Atrium and as a director in Citycon.'
Lavine joined the group nine years ago and served six years as CEO of Atroium Europe Real Estate. Upon returning to Israel, Lavine was appointed as chairman of Gazit Israel and as a director of Gazit-Globe. Later, she was appointed as CEO of Gazit-Globe.
'Lavine is one of the most talented executives I have ever met. I welcome her willingness to continue to serve as vice chairman in Atrium and as director in Citycon. I am sure that we will continue to benefit from her knowledge and experience,' said Chaim Katzman, chairman of Gazit-Globe.
Listed in Amsterdam and Vienna, Atrium Europe Real Estate's portfolio consisted of 60 properties, totalling 1.1 million m2 in six countries across CEE, and valued at €2.6 bn at end-September 2016.
Citycon, based and listed in the Finnish capital Helsinki, is an owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic and Baltic region. The company manages assets with a combined value of €5 bn.
