(Photo credits: Unibail-Rodamco-Westifeld)
(CercleFinance.com) – The title gained more than 9% this morning. The Supervisory Board of Unibail-Rodamco-Westfield (URW) met on Friday in the presence of the three new directors elected at the Group’s Combined General Meeting of November 10, 2020 (Mr. Léon Bressler, Ms. Susana Gallardo and Mr. . Xavier Niel).
During this meeting, the Supervisory Board took note of the resignation of his mandate as Chairman of Mr. Colin Dyer, who remains a member of the Board. It also records the resignation of Mr. Jacques Stern, Vice-Chairman, and of Ms. Jacqueline Tammenoms Bakker, Ms. Sophie Stabile and Mr. Philippe Collombel.
The Supervisory Board appointed Mr. Léon Bressler as Chairman with immediate effect. He also becomes a member of the Audit Committee. Ms. Susana Gallardo becomes a member of the Governance and Nominations Committee. Mr. Xavier Niel becomes a member of the Compensation Committee.
‘This very rapid announcement is good news because it precludes a priori a long struggle within the Supervisory Board and should therefore accelerate the development of a new action plan replacing or supplementing the Reset plan (in particular by terms of transfers) indicates this morning Invest Securities.
‘With the arrival at the head of the Supervisory Board of one of the members of the Concert who has not held back his criticism of the strategic choices since the acquisition of the Westfield portfolio, the position of the members of the management board becomes difficult to hold in duration and suggests probable changes at the head of operational management ‘adds the analyst.
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