Westfield Corporation is one of the world’s leading shopping centre companies with iconic retail destinations in London, New York, San Francisco and Los Angeles among its portfolio of 34 centres. Westfield Corporation is listed on the Australian Stock Exchange and was created in June 2014 when Westfield Group separated its Australian and New Zealand business from its international operations. The Australian and New Zealand shopping centres are now owned and managed by Scentre Group.
Peter Lowy is an executive Director of Westfield Corporation and currently serves as Co-Chief Executive Officer. He holds a Bachelor of Commerce from the University of NSW. Prior to joining Westfield in 1983, Mr Lowy worked in investment banking both in London and New York. Mr. Lowy serves as Chairman of the Homeland Security Advisory Council for Los Angeles county; he also serves on the RAND Corporation Executive Committee and Board of Trustees, the Executive Committee of the Washington Institute for Near East Policy and is a Director of the Lowy Institute for International Policy. Prior to the establishment of Westfield Corporation, Mr Lowy was the Joint Managing Director of the Westfield Group from 1997.
Frank Lowy is the Chairman of Westfield Corporation. Mr Lowy served as the Westfield Group’s Chief Executive Officer for over 50 years before assuming a non-executive role in the former Westfield Group in May 2011. Mr Lowy is also a non-executive Director and Chairman of Scentre Group. He is the founder and Chairman of the Lowy Institute for International Policy. In November 2015 he retired as Chairman of Football Federation Australia Limited. Mr Lowy is Chairman of Westfield Corporation’s Nomination Committee.
Brian Schwartz is a non-executive Director and Deputy Chairman of Westfield Corporation. He is Chairman of Insurance Australia Group Limited and a non-executive Director and Chairman-elect of Scentre Group. Prior to the establishment of Westfield Corporation, Mr Schwartz was a non-executive Director and Deputy Chairman of Westfield Group. Mr Schwartz is Chairman of the Westfield Corporation’s Audit and Risk Committee and a member of the Nomination Committee and is the lead independent Director. In a career with Ernst & Young Australia spanning more than 25 years, he rose to the positions of Chairman (1996 - 1998) and then CEO of the firm from 1998 to 2004. From 2005 to 2009, Mr Schwartz was the CEO of Investec Bank (Australia) Limited. He is a fellow of the Australian Institute of Company Directors and the Institute of Chartered Accountants. In November 2015 he retired as Deputy Chairman of Football Federation Australia Limited.
Ilana Atlas is a non-executive Director of Westfield Corporation. Ms Atlas was previously a partner in Mallesons Stephen Jaques (now King & Wood Mallesons) and held a number of managerial roles in the firm, including Managing Partner and Executive Partner, People & Information. In 2000 she joined Westpac as Group Secretary and General Counsel before being appointed to the role of Group Executive, People in 2003. In that role, she was responsible for human resources strategy and management as well as Westpac’s approach to corporate responsibility and sustainability. Ms Atlas is a Director of Australia and New Zealand Banking Group Limited, Coca‑Cola Amatil Limited, Jawun Pty Limited, Human Rights Law Centre, and the Chairman of Bell Shakespeare Company and a Fellow of the Senate of the University of Sydney. Prior to the establishment of Westfield Corporation, Ms Atlas was a non-executive Director of the Westfield Group from 2011 to 2014. Ms Atlas is a member of the Westfield Corporation Human Resources Committee and the Audit and Risk Committee.
President, Retail Solutions
Don Kingsborough is an executive Director of Westfield Corporation and currently serves as President, Westfield Retail Solutions. He has been involved in the technology and retail sectors for the past 40 years and has helped establish a number of successful businesses. Mr Kingsborough has held a number of senior positions including as PayPal’s Vice President of Global Retail, Global Business and Corporate Development and as President of consumer products at Atari in the late ‘70s and early 80s. In 2001 he founded Blackhawk Network and was CEO for a decade during which time he pioneered the gift card market.
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LEADERSHIP & CORPORATE GOVERNANCE
The stability and experience of Westfield Corporation’s board and management team has been a major reason for the success for the organisation.
A core team of senior executives have served the company over the past two decades, complemented by the introduction of new executives and Board Directors to meet the challenges of expansion to new markets, the rise of digital technology and changes in the retail environment.
Westfield recognises the need to establish and maintain corporate governance policies and practices which reflect the regulatory environment and the expectations of members and others who deal with the company. Our Corporate Governance Statement outlines the company’s main corporate governance policies and practices. All our corporate policies, charters and codes are found below.
CORPORATE POLICIES & PROCEDURES
Anti-Bribery and Corruption Code of Conduct
Continuous Disclosure and Communications Policy
Group Environmental Policy Statement
Group Sustainability Policy Statement
Hedging of Executive Awards and Performance Rights Policy
Reliance on ASIC Class Order
Security Trading Policy
Summary of Whistleblower Policy