The Crown Estate has appointed Kate Bowyer (pictured) as its new chief financial officer. Bowyer will join the property company this autumn from shopping centre developer/investor Intu Properties.
Bowyer was director of finance and a member of the executive committee at Intu. The Crown Estate said that Bowyer will work closely with chief executive Alison Nimmo to determine the business’s strategic and commercial agenda.
Bowyer joined Intu, then known as Capital Shopping Centres) in 2000 as group financial controller, before serving as head of investor relations, business relations director and director of finance since 2014.
The appointment of a new CFO at The Crown Estate follows the retirement of John Lelliott, who will be leaving after over 30 years with the business.
The Crown Estate is the independently-run public estate of the British monarch.
“Kate’s wealth of experience across the property and retail sector, alongside her impressive track record in financial management, will be invaluable to ensuring The Crown Estate remains a UK success story,” said Nimmo.
“[The Crown Estate] is a business which sees the big picture and takes a long term approach to how it creates value across its core sectors to drive market outperformance and strong returns to the public finances,” added Bowyer.