Hammerson Plc introduced the new position of managing director for U.K. and Ireland for its £6.2 billion prime retail portfolio.
The new role will be responsible for leasing, asset management and operations across the shopping centers and retail parks portfolio in the U.K. and Ireland, following Hammerson's entry into the Irish retail property market last year.
Mark Bourgeois, executive director of Capital & Regional Plc, has been appointed to the position and will also sit on Hammerson's Group Executive Committee. Bourgeois announced his intention to depart from Capital & Regional plc and the company will confirm his departure date in due course.
Additionally, Managing Director of U.K. and Ireland shopping centers Martin Plocica will step back from the business on a day-to-day basis. After about five years at Hammerson, Plocica will support the company's transition to the new structure before leaving in 2017.
Hammerson CEO David Atkins said in a statement that the ever-increasing pace of structural changes in the retail sector has led the company "to revaluate how we operate as a business and how we drive forward the various divisions."