Hutchings will replace Hugh Scott-Barrett, who is becoming non-executive chairman. Scott-Barrett takes the place of John Clare, who has announced he will be retiring this year.
Clare is stepping down as non-executive chairman after seven years in the role, while Scott-Barrett has held the chief executive position for almost nine years.
All of the new positions are effective as of 13 June.
Hutchings joins Capital & Regional from Blackstone in Australia, where he was managing director. Before this, he worked at the likes of Hammerson PLC and Henderson Global Investors.
He brings over 20 years of experience in the property industry, including in the UK and European real estate markets.
According to Capital & Regional, the changes are intended to balance the introduction of new talent with industry experience.
Tony Hales, senior independent director of Capital & Regional, commented: “Lawrence Hutchings not only brings a deep understanding of UK retail from his senior management roles at both Hammerson and Henderson Global Investors, but a real passion for the sector.”
Hutchings commented: “Capital & Regional is a highly entrepreneurial and well-regarded business with a strong track record of delivering accretive asset management and development initiatives. The company also has a great portfolio which offers many opportunities and I am extremely excited to have the opportunity to lead the company as it enters its next phase of growth.”
Clare said: “It has been a great privilege to have been Chairman of Capital & Regional at a time of significant change. I wish both Lawrence and Hugh every success in their new roles.”