Angus McNaughton appointed to lead Federation Centres

Angus McNaughton appointed to lead Federation Centres
Angus McNaughton appointed to lead Federation Centres

Federation Centres has abruptly axed its chief executive Steven Sewell, replacing him with Angus McNaughton, the former chief at Novion Property Group.

The shock announcement sent Federation's ASX share price into a 4% dip yesterday.

Sewell headed the merged $22 billion property company after Angus McNaughton bowed out of contention for the top job once the two companies merged.

Federation Centres had only just announced Richard Jamieson in the role of chief financial officer and executive general manager investments replacing Tom Honan.

Richard Jamieson was formerly chief financial officer at Novion Property Group.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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