Centro Properties Group (Centro) has renewed its executive management team and reshuffled its head office staff as a result of a review that followed the completion of its debt stabilisation agreement.
Centro chief executive Glenn Rufrano will remain in his position, while Tony Clarke and Michael Carroll have been appointed chief executive officers of Centro Australia and US respectively.
In addition to Clarke, leading Centro Australia will be the new general manager of finance, Paul Belcher, who most recently served as general manager of accounting.
Michael Benett will take the role of general manager of institutional funds management and oversee all areas of the funds management business including Centro (CNP), Centro Retail Trust and the wholesale funds. Benett will also be responsible for corporate marketing and communications.Continuing to manage all aspects of the Centro MCS syndicate business is general manager of syndicate funds management Gerard Condon.
The role of general manager of property operations Australia will be held by Mark Wilson, who has been a member of the executive committee since 1997 and will be responsible for the areas of leasing and property management as well as valuations and dispositions.
Meanwhile, former executive committee member Graham Terry, who has been with Centro for 11 years as a chief operating officer primarily focused on leasing, marketing and managing the development of shopping centres, will be leaving the group. Philippa Kelly, who began at Centro as company secretary before being appointed Centro fund manager and, most recently, general manager of institutional funds management, will also be leaving the group.
Centro declined to comment on the reasons for their departure.
