Unibail-Rodamco-Westfield (URW) announced on Thursday that Jacques Richier has been chosen to replace Léon Bressler, who has reached the age limit, as Chairman of its Supervisory Board.

Jacques Richier, 68, is currently Chairman of the Board of Allianz France (formerly AGF).

If the commercial real estate group's shareholders vote in favor of his appointment at the Annual General Meeting on May 11, he will head the Supervisory Board for a three-year term.

URW stresses that his appointment follows a rigorous search procedure, carried out by both Roderick Munsters, Chairman of its Governance, Appointments and Compensation Committee, and Cécile Cabanis, Vice-Chairman of the Board.

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