F. Scott Ball has started as CEO of Citycon. He joined Citycon on November 15, 2018 and has since then familiarized himself with Citycon’s business and operations. Ball has extensive experience in the retail real estate business from more than three decades and he has held a range of leadership positions. Prior to joining Citycon, he was Founder and President of a private real estate investment and retail advisory firm before which he worked at Starwood Retail Partners. Ball has replaced Marcel Kokkeel, who served as Citycon’s CEO since 2011.
Chaim Katzman, Chairman of the Board of Directors, Citycon, said: "We would like to welcome Scott Ball to Citycon. He brings with him broad retail real estate expertise and a strong track record of proactive management, and we believe he is the right person to lead the company in the fast-changing retail market environment. We remain committed to the company's strategy of focusing on high-quality assets in strong, growing urban markets in the major Nordic cities. I am confident that together with the talented employees of Citycon, Scott will be able to create value and take the company to the next level for the benefit of all stakeholders."
"At the same time, we would like to thank Marcel Kokkeel for his valuable contribution to Citycon for almost eight years. Marcel has been a great leader in the transition from a €2.5bn asset company based in Finland into an almost €5bn pan-Nordic company. We are also pleased that Marcel has developed a cadre of talented new leaders at Citycon," said Katzman.
“I am excited to become the CEO of Citycon. Over the past few weeks, I have had the chance to spend time with the people and the assets and I am impressed not only by the quality of the real estate but also by the dedicated teams working to improve these properties on a daily basis. Looking ahead, we will continue to work hard to bring the company to the next level and to create value for all stakeholders”, said F. Scott Ball, CEO of Citycon.
Marcel Kokkeel commented: "During my tenure as CEO, we have built Citycon into a company with a strong focus on high-quality properties in the region's fastest-growing urban hubs. I feel privileged and sincerely grateful to have worked with such a team of energetic and passionate professionals. I'm sure that Citycon is well-positioned to further build on what has been achieved during the past eight years."