Investa has appointed Peter Menegazzo as the group’s chief executive officer, effective July 1.
The businessman will replace Jonathan Callaghan who announced he would step down in late April – after five years in the role.
“Peter is a strategic leader with a proven track record, who has been a key executive within the Investa management team since 2012, spearheading many of Investa’s business initiatives and achievements in recent years,” chairman David Baffsky said.
Mr Menegazzo worked with the company between 2002-2004.
He rejoined in 2007 – the same year Mr Callaghan started – and is presently Investa’s chief investment officer.
The new leader has also managed the Commercial Property Fund (story continues below).
“I feel extremely humbled and privileged to be appointed to the role of CEO of this great company,” the executive said in a statement.
“Investa has very talented people, a great culture and a first-class track record and I am fortunate to have these strong foundations to build for our exciting future,” he added.
“I would like to thank Jonathan for his significant leadership and contribution to this business over the last 14 years.
“Having worked alongside him over much of this period, he has been instrumental in transitioning the business through significant change and the achievement of many milestones”.
Amongst those, was the 50 per cent sale of Investa’s management platform to Oxford Properties last November.