CER Update on Board Renewal & Separation Process Centro Retail Trust (CER) announces that its Board renewal and separation process is progressing well with the support of leading international executive and director search firm Egon Zehnder. The process has resulted in the identification of a wide field of well-qualified candidates to serve on the CER Boards. CER expects to announce the appointment of a new Chairperson for its Boards in the near future. The new Chairperson will then lead the process through to the appointment of additional non-executive Directors. At the conclusion of the process, CER’s Board will have a majority of Directors who are different from those on the Boards of Centro Properties Group (Centro). CER investors should also refer to the announcement by Centro today regarding the appointment of three new non-executive Directors to its Boards. About Centro Retail Trust (ASX: CER) Centro Retail Trust (CER) is a pure property trust specialising in the ownership of shopping centres. CER owns retail property investments in Australasia and the US. For more information, please visit the CER website at www.centro.com.au/centroretailtrust.
CER Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
