R0ME0 schreef op 18 november 2020 18:51:
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URW CEO and CFO prepare for departure
Christophe Cuvillier and Jaap L. Tonckens will make their resignation official after the shareholders of the company denied the capital increase of 3.5 billion euros that the company intended to carry out.
15 NOV 2020 - 19:56
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URW CEO and CFO prepare for departure
The schism in Unibail-Rodamco-Westfield (URW) causes the departure of its top leaders. The company's CEO, Christophe Cuvillier, and its chief financial officer, Jaap L. Tonckens, are preparing to leave the company.
Both resignations will become effective in the coming days after the shareholders denied the capital increase of 3.5 billion euros that the company intended to carry out, according to Le Journal du Dimanche.
According to the French media, the president of the company, Jean-Marie Tritant, will take over the position of CEO after the departure of Cuvillier. The executive has 23 years of experience in the company.
URW announced in September a plan to raise 9,000 million euros that has been knocked down by shareholders
Last week, the company's investors, led by Xavier Niel and Léon Bressler, stopped the capital increase announced in September, as part of a plan to raise 9,000 million euros with the aim of strengthening its balance sheet and reducing leverage .
In addition, both Niel and Bressler were elected as new members of URW's board of directors. Spanish Susana Gallardo has also been elected as a director of the company.