Hammerson announces new CEO appointment

Hammerson has announced the appointment of Rita-Rose Gagné as CEO and Executive Director.

Recently President of Growth Markets at the global real
estate company Ivanhoé Cambridge, she was responsible for $7.6 billion worth of
real estate assets across Asia Pacific and Latin America. Rita-Rose joined Ivanhoé
Cambridge in 2006 and she held a variety of roles from Senior Vice President,
Legal Affairs and General Counsel at Société immobilière Trans-Québec (SITQ) to
Executive Vice President of Global Strategy, Portfolio Management and
Investment Funds at Ivanhoé Cambridge.

As Executive Vice President, she was tasked with developing,
leading, and executing the investment strategy in Asia and Latin America, prior
to being made President of Growth Markets. Rita-Rose is also a lawyer and she
holds an MBA from McGill-HEC Montreal.

During her career, she has worked in property markets across
the world, including the UK, France and Germany and her expertise spans across
various asset classes and mixed-use assets including residential, retail,
office, and logistics.

David Atkins will continue to serve as CEO until Ms Gagné
joins the company before the end of 2020.

Robert Noel, Hammerson, Chair of the Board, said: “I
am delighted that Rita-Rose will join Hammerson as our next CEO. 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.

Rita-Rose adds: “The retail and real estate sectors are
going through a period of unprecedented change which makes this a very exciting
time to be joining the business. I look forward to working with Hammerson’s
experienced team and all its stakeholders to both navigate through the
challenges but also seek out the opportunities to create value moving forward.

Her employment terms will be in line with Hammerson’s
Directors’ Remuneration Policy (the “Remuneration Policy”), which has been
approved by shareholders.

Her gross annual salary will be £672,000 and her pension
allowance will be 10% of base salary. Upon joining, she will receive a
Restricted Share Scheme award of 150% of salary in line with the Remuneration
Policy. She will receive a gross relocation allowance of £400,000 in line with
the Remuneration Policy.

There is no buyout of or compensation for previous
remuneration packages and full details will be disclosed in the 2020 Directors’
Remuneration Report.

Source: Propertywheel.co.za | https://propertywheel.co.za/2020/09/hammerson-announces-new-ceo-appointment/

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