dexus and vicinity centre logo side by side
Image – The Property Tribune, Wikimedia Commons.
  • Vicinity Centres CFO resigned
  • VCX CFO commended for pandemic response
  • Dexus non-executive board member retired

Today, two senior roles were vacated, one resignation, one retirement.

Vicinity Centres CFO resigns

Nicholas Schiffer, CFO of Vicinity Centres (ASX: VCX) today announced his resignation.

It was arguably a tough tenure. Mr Schiffer entered the company in September 2019, about six months before the pandemic hit retail hard.

nicholas-nick-schiffer-vicinity-cfo
Outgoing VCX CFO, Nicholas Schiffer. Image – Vicinity Centres.

Nonetheless, he leaves the company in a strong position.

“Nick has made a significant contribution to the financial stewardship of Vicinity… This has included our response to COVID-19 and $1.2 billion equity raising last year,”.

Grant Kelly, Vicinity CEO and MD

Mr Kelly added that Mr Schiffer’s tenure has “position vicinity well to respond to the uncertainty caused by COVID-19 and to continue to deliver on its strategy.”

In the interim, VCX director strategy and corporate finance, Adrian Chye, has been appointed as acting CFO.

Dexus non-executive director retires

Peter St George will be retiring from the Board of Directors of Dexus Funds Management Limited (DXFM).

peter-st-george-dexus-board
Retiring Dexus non-executive board member Peter St. George. Image – First Quantum Minerals.

Having held the position for 11 years, joining in April 2009, he served on a number of committees.

“He has been a valuable member of various committees including the Board Audit Committee where he was Chair until 1 July 2020, and the Board Risk and Board Nomination Committees.

Richard Sheppard, Chair of DFXM Board

Following the retirement of Mr St George, the Board will comprise eight directors, including seven non-executive directors and one executive director.

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