Property group Intu Properties PLC (LON:INTU) has appointed former Crest Nicholson bean counter Robert Allen as its new chief financial officer.
Prior to a two-year stint at housebuilder Crest Nicholson Holdings PLC (LON:CRST), Allen held a number of senior finance roles at British American Tobacco PLC (LON:BATS).
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Allen’s departure from Crest Nicholson was announced in October 2018 on the day it warned on profits.
“He will bring to intu his extensive and highly relevant experience of refinancings, M&A [mergers & acquisitions], treasury, IT [information technology] and investor relations, helping drive our strategy of delivering strong underlying centre performance, adapting to the fast-changing retail environment and making smart use of capital,” said Matthew Roberts, the chief executive officer of Intu.
Barbara Gibbes who has been acting as the interim chief financial officer will resume her duties as director of finance with effect from 10 June 2019, reporting to Allen.