Intu Properties CEO David Fischel plans to step down.
Fischel will leave the U.K.-based shopping center REIT once a successor has been appointed.
Fischel, who has been the firm’s CEO since 2001, was expecting to leave after the completion of the proposed £3.4 billion ($4.49 billion) merger with Hammerson. However, the deal did not come to fruition.
