GDI Property Group’s longstanding chief executive Steven Gillard has stepped down from leading the company.
GDI Property Group’s longstanding chief executive Steven Gillard has stepped down from leading the company.
In an ASX announcement this morning, the property developer cited personal reasons for his immediate resignation.
Mr Gillard has more than three decades worth of experience in property related industries and joined GDI in 2005 as managing director.
Company director Stephen Burns is proposed to take on the role as interim managing director and chief executive.
GDI said it would begin a comprehensive search for a permanent successor.
“I would like to thank Steve for all his efforts and commitment to building this fine, entrepreneurial group, and recognise what an immense achievement it is,” GDI chair Gina Anderson said.
“He has built a strong team around him and leaves the group in good shape with low debt and leasing momentum in Perth.”
In February, Mr Gillard spoke at the Property Council of Australia’s annual outlook lunch, where he called on industries to further mitigate the impacts of climate change.
Last month, the company revealed its plan to convert Perth’s Pier Street car park into a $150 million, 19-storey residential and officer tower.
The move comes as Perth's Edith Cowan University city campus commences construction, which is expected to attract 6,800 students into the CBD.
The group is also building Perth's first timber-steel office building, at Westralia Square, due for completion this year.
Westralia Square 2 is GDI's first timber development in Perth, and the company has taken that approach to its other major Perth developments.
GDI was granted approval to build an $174 million 21-storey office tower at Mill Green complex on St Georges Terrace.
On the ASX, GDI Property Group shares were down 1.96 per cent to trade at 75 cents at 12:12PM AEDT.
