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Capital & Regional adds former Unibail-Rodamco CEO to board

Capital & Regional Plc appointed Guillaume Poitrinal as a nonexecutive director, effective Nov. 1.

Poitrinal previously served as Unibail-Rodamco SE's CEO from 2005 to 2013. Poitrinal is also the founder and chairman of ICAMAP Investments S.àr.l, a specialized investment fund focusing on property stocks that holds a 7.35% stake in Capital & Regional.

Capital & Regional Chairman John Clare said Poitrinal's knowledge and experience of the retail sector is expected to be of "great value" to the company.

Meanwhile, Executive Director Mark Bourgeois is leaving Capital & Regional and the company will confirm his departure date in due course. Bourgeois has served at Capital & Regional for 18 years and joined the company's board in 2013.

In August, the company was considering the sale of its The Mall-Camberley following receipt of an unsolicited offer for the asset. The offer price was near the current £88.5 million valuation of the property.