New CEO and COO at Citycon

Finland Finland The Board of Directors of Citycon has appointed F. Scott Ball as Citycon’s new CEO. Henrica Ginström becomes new COO.


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Ball (American citizen) will join Citycon on November 15, 2018 and assume full responsibility as CEO on January 1, 2019.

With more than three decades of extensive experience in the retail real estate business, Ball is a veteran in the shopping centre industry and has held a range of leadership positions. Prior to joining Citycon, he was Founder and President of a private real estate investment and retail advisory firm. Previously, he served as President/COO at Starwood Retail Partners prior to which he held several leadership positions, including at Oxford Properties in Canada, and at The Mills Corporation and at The Rouse Company in the U.S. He holds a bachelor’s degree in Business Administration from LaSalle University in Louisiana and is a long-time active member of the International Council of Shopping Centers (ICSC) and Urban Land Institute (ULI).

Ball is replacing Citycon’s current CEO Marcel Kokkeel, who has served in his position since 2011 and is stepping down based on mutual agreement on January 1, 2019 and will stay as an advisor to the company until May 1, 2019.

In another executive change, Henrica Ginström has been appointed Citycon’s new Chief Operating Officer as of January 1, 2019. Ginström (Finnish citizen) has been with Citycon for almost eight years since 2011 and is currently serving as Commercial Director in Norway, prior to which she served as the company’s Vice President, Investor Relations and Communications. She holds a master’s degree in Technology from Aalto University School of Science and Technology in Helsinki and a second master’s degree in Economics from the Hanken School of Economics, also in Helsinki.

Citycon’s current COO, Jurn Hoeksema, will step down based on a mutual agreement, effective January 1, 2019.

As of January 1, 2019, Citycon’s Corporate Management Committee will consist of the following:

F. Scott Ball, Chief Executive Officer
Eero Sihvonen, Chief Financial Officer and Executive Vice President
Henrica Ginström, Chief Operating Officer
Tom Lisiecki, Chief Development Officer
Anu Tuomola, General Counsel

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