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Scentre Group CEO Peter Allen Steps Down

Peter Allen, Chief Executive Officer of Scentre Group for more than eight years, has decided to step down from the top job.

The Board will appoint Elliott Rusanow to the role of CEO and Managing Director, effective 1 October 2022. Elliott is currently the Group’s Chief Financial Officer.

Allan will retire from the Group next year.

“It has been a privilege to serve as the Group’s first CEO, establishing our culture and leading our dedicated and highly aligned team in Australia and New Zealand, delivering long term sustainable returns to investors,” Allen said.

“Scentre Group is in a great position, and the time is right for new leadership to accelerate ourgrowth ambition. I have worked closely with Elliott over many years both at Scentre Group and Westfield Group and I am confident that he will take advantage of the many opportunities ahead.”

Elliott Rusanow

Rusanow joined Scentre Group as CFO in 2019, and Westfield Group in 1999.

“He has deep commercial and operational experience of our industry and our business,” said Scentre Group Chair Brian Schwartz.

“We are confident Elliott’s leadership will continue to strengthen our performance culture and grow our business from the strong position Peter has led it to today.”

Today, Scentre Group also delivered a full-year operating profit for 2021 of $845.8 million, up 10.9 per cent.

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