Retail Estates SA (RET.BR) Friday said that Nicolas Beaussillon has assumed charge as the new Chief Executive Officer or CEO with effect from January 1. He takes over from Jan De Nys, who stepped down after reaching the age limit set in the company's corporate charter.
The Belgian public real estate company said that its Board of Directors had appointed Beaussillon as Managing Director and assigned him the role of Director on November 13. Retail Estates said that Jan De Nys will continue assisting Beaussillon on a part-time basis until March 31, following which he will be involved, on a full-time basis, with his other board mandates.
Commenting on the developments, Nicolas Beaussillon, CEO, said, "After an intensive but very instructive introductory phase, I am ready to take on the role of CEO and further develop Retail Estates. I would like to express my sincere thanks to Jan De Nys: together with his team, he guided me through the handover in the best possible circumstances. It was a privilege to be able to work so closely with the founder of this exceptional company. During that time, I got to know Jan not only as a driven businessman, but also as someone who attaches great importance to the human side of running a company."
On the Brussels Exchange, RET.BR ended Wednesday's trading at 63.80 euros, up 0.47 percent.
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