URW announces an extended Management Board with Scott Parsons appointed COO

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Unibail-Rodamco-Westfield (URW) announces the extension of its Management Board (MB) starting on January 8, 2021. In addition to Jean-Marie Tritant, chief executive officer and chairman of the MB, and Fabrice Mouchel, chief financial officer (CFO), the MB will incorporate two new members.

  • Olivier Bossard, Chief Investment Officer (CIO), will be in charge of leading the Group’s deleveraging effort through disposals as well as overseeing the value creation strategy based on a targeted allocation of resources.
  • Astrid Panosyan, Chief Resources Officer (CRO), will lead the organisational transformation of the Group to swiftly increase its effectiveness and efficiency, while focusing its resources on its essential activities and continuing to lead URW’s ambitious “Better Places 2030” CSR strategy.

The new MB will lead a more decentralised URW with empowered regions and a simplified corporate centre. Four new enlarged European regions and the US will be empowered to ground their operations on local market dynamics and customers as well as to deliver on value creation. They will each be headed by a regional chief operating officer (COO), reporting to Jean-Marie Tritant, CEO.

The UK region sees Scott Parsons appointed as chief operating officer. Having joined the Group in November 2018 as regional managing director, Parsos will also be responsible for the newly formed corporate Centres of Excellence

for the following divisions:

  • Concept Studio Europe
  • Construction Europe
  • Events Europe

Parsons, chief operating officer UK, Unibail-Rodamco-Westfield, said: “As we start the year with the announcement of the new Group organisation structure, I am delighted to lead one of the key regions which includes Europe’s two largest shopping centres plus some of our biggest residential developments. The focus on customer is paramount in our approach and something that is very much at the heart of everything we do here in the UK. I very much look forward to continuing this journey, alongside my colleagues across Europe and the US, within the new organisation structure.”

As CFO, Fabrice Mouchel will be in charge of adjusting the finance function to the new organisation so as to reinforce the Group’s controlling capacities and effectively monitor URW’s performance.

Michel Dessolain is appointed Chief Customer Officer (CCO), supervising strategic marketing, innovation, data, digital marketing and new revenues. Until a permanent CCO joins the Group over the course of the year, he will structure this new function and bring in new skill sets to make URW a more customer, digital, and data driven company and harness future growth.

The MB will also be supported by an Executive Committee composed of the MB, the five regional COOs and Executive Managing Directors, under the chairmanship of the CEO.

With empowered regions operating close to their markets and a simplified corporate centre, the new organisation reflects URW’s ambition to be a focused, agile and forward-looking Group.