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Mall operator Intu promotes Gibbes to interim CFO role

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By Reuters

(Reuters) – British shopping centre operator Intu Properties named Barbara Gibbes as interim chief financial officer on Thursday, a week after promoting its former finance chief to the CEO’s role.

The management reshuffle comes as Intu feels the impact of tough conditions in the retail sector that forced it to scrap its final dividend in February.

Gibbes will take the finance chief’s role on an interim basis pending the appointment of a permanent successor to Matthew Roberts who was named chief executive last week.

She joined the company as director of finance in 2017 from Domino’s Pizza Group where she held the role of group financial controller. She will begin in the new position on April 29 but will not be a part of the board.

Former Chief Executive David Fischel decided to leave the company after a 3.4 billion-pound ($4.5 billion) takeover of the company by bigger rival Hammerson fell through last year.

(Reporting by Sangameswaran S in Bengaluru; Editing by Jan Harvey)