Vicinity Centres (ASX:VCX) has announced the appointment of Peter Huddle as its Chief Executive Officer and Managing Director.
His remuneration includes a total fixed remuneration of $1.5 million per annum, a short-term incentive of 95-142.5% of the total fixed remuneration and a long-term incentive of 140% of the total fixed remuneration.
His employment agreement includes a six month notice period and post-employment restraints.
Mr Huddle says he believes Vicinity has the right strategy in place to deliver long-term growth: "Under my stewardship, we will have an even greater emphasis on driving a performance culture that is focused on property excellence, customer centricity, and disciplined capital management."