URW chooses chairman as Bressler steps down 

Unibail-Rodamco-Westfield’s supervisory board has proposed Allianz France chairman Jacques Richier as its next chairman, replacing Léon Bressler in the role. The board will formally propose Richier’s candidacy as a new member at its next AGM, on 11 May. Subject to his appointment, Richier will assume chairmanship of the board at the conclusion of the AGM for a three-year term. Bressler is ending his tenure as chairman and member of the supervisory board at the same AGM, having reached the statutory age limit. Richier, who is 68 years-old, is chairman of the board of directors at Allianz France, a subsidiary of asset management giant Allianz SE. URW said Richier’s nomination followed a “thorough” selection process led by Roderick Munsters, chairman of the governance, nomination and remuneration committee, and Cécile Cabanis, vice-chair of the supervisory board. To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews