Kay Chaldecott, executive director of Capital Shopping Centres, is to leave the company after 27 years.
Mike Butterworth will take over from 3 October. He becomes chief operating officer, reporting to chief executive David Fischel.
Butterworth was previously the chairman of CSC Trafford, which incorporated four of the group’s centres, the Trafford Centre and the Manchester Arndale, Braehead in Glasgow and Cribbs Causeway, Bristol.
Fischel said: “We understand Kay’s decision to stand down, prompted by a desire for a change in lifestyle after 27 years with the group. Kay has been a loyal and dedicated member of the executive team and played an instrumental part in the development and success of the group’s shopping centre business. We are delighted that Kay has agreed to provide consultancy services to the group.”
Chaldecott added: “I have enjoyed a tremendously rewarding career at CSC for over 27 years and I wish my fellow directors and colleagues every good fortune for the future in the knowledge that CSC has built a portfolio of exceptional assets and is poised for further growth and development over the coming years.”
samantha.mcclary@estatesgazette.com
