CENTRO Properties Group has started a search for a new CEO after current head Glenn Rufrano decided not to renew his contract when it expires in February 2010.
In addition, Tony Clarke also said he is not a candidate for the role and does not wish to continue beyond his current contract term which also expires in February 2010.
Centro chairman Paul Cooper said the stabilisation of Centro achieved under Glenn’s leadership will serve as a strong foundation for Centro going forward.
“With this in mind, the board has commenced the search for an Australia-based global CEO with a minimum contract term of three years,” he added.
Rufrano who was formerly the CEO of New Plan Excel and later became the head of Centro’s US business.
He took over Centro after the resignation of Andrew Scott and spent his time in US and Australia.
Rufrano said this is the natural progression of Centro moving forward.
“The board and I believe that an Australia-based global CEO will provide the leadership to achieve our longer term goals.
“When I accepted the appointment in January 2008, it was to see Centro through a very difficult period of uncertainty. While my role as Centro’s CEO was unexpected, it has been very fulfilling personally and professionally. I am pleased to say that the need for me to continue in this capacity has passed,” he added.
Leading international director and executive search firm Egon Zehnder will beengaged to identify well-qualified candidates.
Australian Property Journal
