1st Apr 2019 13:04
LONDON (Alliance News) - Dual-listed shopping centre owner Intu Properties PLC confirmed Monday the search for its new boss was ongoing but that no decision had yet been made, following reports an ex-Travis Perkins executive was the frontrunner.
On Sunday, UK media reported the FTSE 250-listed firm is set to hire former Travis Perkins chief operating officer Tony Buffin as its new chief executive.
On Monday, Intu - in response to press comments - confirmed the search for its successor chief was "ongoing" but that "no decision has yet been made." An announcement will be made in due course, the London and Johannesburg listed firm added.
The Sunday Times announced that Intu - which owns centres such as the Trafford Centre in Manchester and Lakeside in Essex - was understood to be favouring Buffin as the preferred candidate to replace current Chief Executive Officer David Fischel.
Fischel - who has been at the helm since 2001 - announced his intention to stand down in July 2018.
Buffin had been chief financial officer at building supplies retailer Travis Perkins between 2013 and 2017 before becoming its chief operating officer. He left the firm in February.
https://www.thetimes.co.uk/article/intu-finds-new-boss-at-builders-merchant-travis-perkins-nlxbcgvmp
Shares in Intu were 0.9% higher at 107.60 pence in London on Monday, down 0.4% at ZAR20.02 in Johannesburg.
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