Meanwhile, Centro Retail Trust said in a separate statement today that its board renewal process was progressing well.
Centro Properties Group said Anna Buduls, Susan Oliver and Robert Tsenin will be appointed as non-executive directors to the Centro board following the finalisation of the company's 2009 statutory accounts in September.
At that time, Graham Goldie, Sam Kavourakis and Peter Wilkinson will retire from the board. Chairman Paul Cooper said the appointments were an important step forward in Centro's efforts to simplify its group structure and restore value for its investors.
"The process was rigorous and exhaustive, and we believe these candidates will serve the company well as it moves forward," Mr Cooper said.
Centro said Ms Buduls has held positions with Macquarie Bank and Westpac and currently serves as a non-executive director of SAI Global and Macquarie Generation, where she is also acting chairman.
Centro said Ms Oliver retired from Transurban Group in recent days after 13 years service and is currently a non-executive director of Programmed Group Ltd and executive director of information technology company wwITe Pty Ltd.
Centro said Mr Tseninhas has held a number of executive roles, including managing director of Goldman Sachs Australia and finance director of Lend Lease Corporation and is currently a non-executive director of Australian Infrastructure Fund, Sistema Hals JSC and Matrix European Real Estate Investment Trust.
Centro Retail Trust said its board renewal process was progressing well and it expects to announce the appointment of a new chairperson in the near future, who will then lead the process through to the appointment of additional non-executive directors.
At the conclusion of the process, Centro Retail Trust's board will have a majority of directors who are different from those on the boards of Centro Properties Group, it said.
