Centro Retail Australia has appointed Steven Sewell as the company’s new chief executive office who will take up his role in the first quarter of 2012.

Sewell leaves behind his five years position as CEO of Charter Hall Retail REIT.

He succeeds Robert Tsenin, who previously announced his intention to retire following the successful restructure of Centro Properties Group, which resulted in the creation of Centro Retail Australia, an Australian Real Estate Trust specialising in the ownership and management of shopping centres.

Centro chairman Bob Edgar said Sewell’s appointment followed a thorough recruitment process that considered a strong field of internal and external candidates.

“The Board is extremely pleased that Steven has agreed to lead Centro Retail Australia through its next phase. He has extensive experience in the management and development of Australian shopping centres, a proven track record of success as a Chief Executive Officer, and a demonstrated ability to drive shareholder value,” Edgar said.