Federation Centres Limited
(ASX:FDC) has appointed a new CEO with Angus McNaughton taking on the role from Steven Sewell, effective immediately.
The company says Mr Sewell was pivotal to the recent merger of FDC and Novion Property Group which was completed only a few months ago.
Mr McNaughton was CEO of Novion prior to the merger and he says he is delighted to have the opportunity to lead the team.
Chairman Peter Hay says the company has a strong, stable future under Mr McNaughton.
Fed Centres reposted a net profit of $222.5 million in the first half of the 2015 financial year.
