Intu Properties CFO Matthew Roberts promoted to CEO

Matthew Roberts has been appointed as Intu Properties' new CEO with effect from 29 April.

Intu Properties announced on Thursday that their chief financial officer Matthew Roberts will succeed David Fischel as chief executive officer. 

David will be standing down from the company’s board and leaving Intu Properties from 29 April, when Matthew Roberts will take over. 

In a statement, Intu said the board had appointed Matthew following a rigorous search process which included a number of first-class internal and external candidates. 

"Having been chief financial officer of Intu since May 2010, Matthew has excellent real estate and retail experience and detailed knowledge of intu's affairs," it said.

"He is therefore well placed to drive the group's winning destinations strategy which includes adapting fast to the changing retail environment, delivering strong underlying individual centre performance and making smart use of capital." 

The process to recruit a new CFO will commence “imminently” and will include external and internal candidates. 

In the meantime, the position will be filled on a temporary basis from Intu’s finance team under Matthew’s supervision.

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