Stockland Announces Changes to Residential Business

These changes have been made as a result of the departure of Residential CEO Denis Hickey, who will be leaving in early July. Over the past nine years, Denis has successfully led Stockland’s Residential business and overseen a period of significant growth. Stockland and Denis have agreed that there is no broader role for him within the company and as a result, it is time for a change.

“Denis leaves with our best wishes and thanks for his significant contribution to the strength and growth of our Residential business,” Mr Quinn said.

“We are taking this opportunity to continue the reorganisation and simplification of our business by splitting Residential in two. In particular, this will ensure a greater focus on the Retirement Living business which remains one of our key growth platforms.”

A number of internal promotions result from these changes.

Stockland’s Executive General Manager Strategy and Corporate Development, David Pitman, will take on the role of CEO Retirement Living. He will continue to head up Group Strategy.

David has previous operational experience and was keen to return to a line management role. He has played a key role in developing the growth strategy for Retirement Living and is well placed to add significant value to this business.

Stockland’s Queensland General Manager Residential, Mark Hunter, will relocate to Sydney to take on the role of CEO Residential, becoming part of Stockland’s Executive Committee.

Mark has over 28 years experience in the property sector, in South Africa and Australia. He joined Stockland in 2000 and has managed Stockland’s largest Residential Communities business over the last two years, with responsibility for 31 residential projects.

Stockland’s General Manager Residential Victoria, Kingsley Andrew, will return to the Queensland business to take on the role of General Manager. Regional Manager Greater Brisbane, Andrew Whitson, will move to Victoria to take on the role of General Manager.

“These promotions demonstrate the depth and strength of our team, with many talented people within the business ready to take on key positions in our new structure,” Mr Quinn said.

Other internal changes include the departure of Residential Communities Chief Operating Officer Nick Perrignon, who is moving back to Perth to pursue another opportunity, and General Manager Apartments Mark Dickinson. Nick Perrignon will be departing at the end of June, while Mark Dickinson will stay on until the end of the calendar year to assist Mark Hunter with the integration of the Communities and Apartments businesses.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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