Mario Biasin, who co-founded Metricon Homes in 1976, died this morning, aged 71.
He was understood to have been suffering mental health issues, the company said in a statement.
The businessman, also a joint owner of Melbourne Victory and Italian soccer league club Triestina, is survived by his wife, Glenda, four adult children, and their families.
With a national development pipeline of c4000 homes, Metricon has about 2500 employees.
Langfelder appointed acting CEO
Metricon general manager, Victoria, Peter Langfelder will temporarily fill Mr Biasin’s chief executive role while shareholder and director Ross Palazzesi will take over as acting chair.
“As friends and colleagues of Mario, we are shocked and saddened by the news,” Mr Palazzesi said.
“We will ensure Metricon Homes continues all operations and on-site construction as usual during a very emotional time,” he added (story continues below).
Newland Developer director Gideon Kline, whose late father, George, was the other Metricon co-founder, said Mr Biasin was committed.
“Mario was a deeply passionate…individual and his passing is a tragic loss for all those that knew him,” he added.
“Our entire family expresses our deepest and most sincere condolences to the Biasin family – Glenda, Jason, Michelle, Brad, Brent and their extended families”.
Anthony Di Pietro, who owns Melbourne Victory and Triestina with Mr Biasin, said the executive will be missed.
“Mario has been a shareholder and director of the [Melbourne Victory] club for over 16 years, and has been an inspiration for many of us in so many ways, but especially as a great personal friend,” according to the businessman, also group chief executive officer of LaManna Premier Group.
“He has always provided sage counsel to our staff, management and the board and his football passion will live on forever,” he added.
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