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Partners REIT wins proxy fight, keeps external management
Partners REIT wins proxy fight, keeps external management
(JASON FRANSON For The Globe and Mail)

Partners REIT extends executive turnover streak

Partners Real Estate Investment Trust has bid farewell to its chief executive officer, extending a recent streak of management turnover.

The REIT, which primarily owns shopping centres across Canada, announced Tuesday that Ron McCowan has been named interim CEO, replacing former chief Patrick Miniutti. Mr. McCowan is currently the REIT’s largest unitholder, with a 15-per-cent stake. Partners also named Derrick West as its chief financial officer.