// Hammerson finance chief to step down from role
// The shopping centre owner has begun search for replacement
// James Lenton will remain in his role and as executive director until a successor is found
Hammerson has said its chief financial officer James Lenton is due to step down from the company.
The property giant has now begun a search for his replacement, although Lenton will remain in his role and as executive director until a successor is found.
Lenton took up the top finance role just 15 months ago, before Hammerson hired the former Canadian president of growth markets at a real estate firm, Rita-Rose Gagné as its new chief executive in September.
“Following successful completion of the rights issue, VIA Outlets disposal and induction of the new chair of the board and chief executive, I feel now is the right time to look for a new opportunity,” Lenton said.
Gagné said: “James was instrumental in navigating and conducting the rights issue and VIA Outlets disposal. I am grateful for his support and commitment to continue until his successor joins. We wish him well for the future.”
Last month, Hammerson said it was seeking a secondary listing in Dublin before the UK’s Brexit transition period came to an end.
The Bullring shopping centre owner said it was pursuing a listing on Euronext Dublin, as it seeks to guarantee that EU investors will be able to trade its shares on a legally recognised market.
The company is not planning to raise new funds or issue new shares in relation to the plan.
Hammerson’s properties in France are valued at £1.2 billion and in Ireland at £800 million.