// Hammerson drafts in Rita-Rose Gagné as its new chief executive
// Gagné was previously the president of growth markets at Ivanhoé Cambridge
Hammerson has appointed the former Canadian president of growth markets at a real estate firm, Rita-Rose Gagné as its new chief executive.
Gagné was previously the president of growth markets at Ivanhoé Cambridge where she oversaw real estate assets across Asia Pacific and Latin America.
Prior to joining Ivanhoé in 2006, she worked in various property markets across the world, including the UK, France and Germany.
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Gagné will succeed current chief executive David Atkins to take the helm at the embattled owner of the Bullring shopping centre.
“I am delighted that Rita-Rose will join Hammerson as our next chief executive, Hammerson chairman Robert Noel said.
“She has an excellent track record in international real estate investment, building high-quality teams, developing strategic partnerships, execution and delivering results.
“On behalf of the board, and all colleagues in the business, I look forward to welcoming Rita-Rose to Hammerson and working with her when she joins.”
Gagné is expected to join the business before the end of the year.
Meanwhile, Atkins will remain in the company until Gagné takes up her new role.
Hammerson dropped out of the FTSE 250 index this month after facing an 85 per cent drop in its share price since January, exasperated by the Covid-19 pandemic – which led to an increase in online shopping.
Many of its tenants have gone bust since March or are refusing to pay rent.