Frank P. Lowy is the co-founder and chairman of the Westfield Group, one of the world’s largest shopping center groups. Prior to becoming non-executive chairman in May of 2011, Lowy served as chief executive officer of Westfield for more than 50 years. Today, the Group operates 91 shopping centers in Australia, New Zealand, the United States, and the United Kingdom, which saw over 1.1 billion customer visits that generated more than $40 billion in retail sales last year. Westfield’s retail destinations integrate food, fashion, entertainment, and leisure, as well as utilize digital technology to enhance the connection between retailers and consumers. Managing all aspects of its portfolio, including design, construction, leasing, marketing, and management, the Group continually develops existing malls, acquires new centers, and explores opportunities in new markets.
According to Lowy, “Evolution and change are the words for shopping center success.” In 2013, he was ranked second on the BRW Rich 200 list.