Stockland’s Mark Steinert retires

Stockland today announced that its chief executive officer and managing director Mark Steinert would retire.

The businessman took over from Matthew Quinn seven and a half years ago.

Since that time, strategic shifts including the company’s expansion into logistics and a repositioning of its town centre business, were implemented.

Stockland chairman Tom Pockett said it is now looking internally and externally for a replacement.

“A flexible period of transition has been agreed with Mark to provide for a smooth handover and to ensure that there is a strong focus on leading the organisation through the COVID-19 recovery period,” Mr Pockett added.

“Mark has made a great contribution to Stockland and will continue to apply his passion and commitment to the delivery of our strategic priorities and our purpose of creating a better way to live during this transition period (story continues below).

“We have made significant progress in reshaping our portfolio and creating a customer centric business.

“Mark has fostered a strong executive team, made significant advances in building innovation and digital capabilities and solidified Stockland’s position as a diverse employer of choice and global leader in sustainability.”

Mr Steinert, a former UBS analyst, added his immediate priority “is driving initiatives to take advantage of the COVID-19 recovery period and further accelerate the digitisation of our business”.

“Stockland’s strong liquidity position means we are well- placed to deliver on our purpose and identify new opportunities as we meet customer needs through our leading communities and assets across the country”.

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Marc Pallisco

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

Marc Pallisco