(Alliance News) - London and Johannesburg-listed Hammerson PLC said Wednesday that Chief Executive Officer David Aktins will step down from his role with effect in spring 2021 at the latest.
The shopping centre operator said that the decision was "with the agreement of the board" and that it is conducting a search for a successor.
Aktins has been CEO at Hammerson for 11 years since 2009, and has been part of the group for 22 years since 1998.
"On behalf of the board, I would like to thank David for his enormous commitment in leading Hammerson during the past decade. He has led the company with ambition, passion and integrity, creating a culture that will live far beyond his time," said Chair David Tyler.
"He has developed Hammerson significantly through the growth of our premium outlets business, the geographical diversification of our portfolio, our market leading sustainability framework and the establishment of our City Quarters strategy. I look forward to continuing to work closely with him until a successor is appointed," Tyler added.
Shares in Hammerson were up 5.3% at 78.30 pence in London on Wednesday, while its Johannesburg shares were 7.4% higher at ZAR16.86.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Hammerson (HMSO)