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Debt-laden Centro Property Group has replaced chief executive Andrew Scott with the head of its United States operations, Glenn Rufrano.
Debt-laden Centro Property Group has replaced chief executive Andrew Scott with the head of its United States operations, Glenn Rufrano.
Scott departed on January 15 with a $3 million severance package.
Centro is struggling to refinance $3.9 billion worth of debt as a result of the US credit crunch and is under fire for playing down its liabilities on its June 30 balance sheet.
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