Kay Chaldecott quits CSC

Published:  26 September, 2011

Kay Chaldecott, executive director of Capital Shopping Centres, is to leave the business at the end of this week, after a 27 year career with the shopping centre investor

CSC has appointed Mike Butterworth as chief operating officer reporting to David Fischel, chief executive, with effect from 3 October 2011. Butterworth was previously the chairman of CSC Trafford which incorporated four of the group's centres, the Trafford Centre and the Manchester Arndale, Braehead in Glasgow and Cribbs Causeway, Bristol. 

David Fischel said: "we understand Kay's decision to stand down, prompted by a desire for a change in lifestyle after 27 years with the group. Kay has been a loyal and dedicated member of the executive team and played an instrumental part in the development and success of the group's shopping centre business. We are delighted that Kay has agreed to provide consultancy services to the group."

Kay Chaldecott said: "I have enjoyed a tremendously rewarding career at CSC for over 27 years and I wish my fellow directors and colleagues every good fortune for the future in the knowledge that CSC has built a portfolio of exceptional assets and is poised for further growth and development over the coming years. I am pleased to continue my association with the group as a consultant and pursue other business opportunities."

Mike Butterworth joined the Manchester Ship Canal Company, now part of the Peel Group, in 1981, and became Property Director of Peel Holdings in 2002. He was managing director of Trafford Centre Limited from 1996, responsible for the opening of the Centre in 1998, until 2011 when he was  ppointed Chairman of CSC Trafford following the acquisition of the Trafford Centre by CSC.