Scentre Group AGM stands up for Lowy

As shareholders and managers paid respects to its co-founder’s retirement, this meeting was less official business and more celebratory wake.

For performers, there's no greater honour than receiving a standing ovation. Yesterday’s AGM of Scentre Group, which owns Westfield shopping centres in Australia and New Zealand, ended in this manner. The recipient was none other than Frank Lowy, taking his final bow as chairman of the company he co-founded more than 50 years ago. 

Whilst those around him couldn’t help but praise the departing icon of Australian business, Lowy was as focussed on the job as ever, putting the crowd on notice early by saying that ‘business should always come first’.

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