Scoop has an Ethical Paywall
Kiwi Property CEO Gudgeon to step down in 2018
Kiwi Property CEO Gudgeon to step down in 2018 after 10 years with company
By Jonathan Underhill
July 27 (BusinessDesk) - Kiwi Property, which manages a $3 billion portfolio of shopping centres and office buildings, said chief executive Chris Gudgeon will step down on Sept. 30, 2018, ending more than 10 years with the investment group.
Chair Mark Ford said Gudgeon's advance notice will allow the Auckland-based company to manage the appointment of his successor.
Under Gudgeon's leadership, Kiwi Property's market capitalisation has grown to about $1.85 billion from $860 million in 2008, while its portfolio has increased from $2.1 billion nine years ago.
Its shares fell 0.7 percent to $1.37 and have declined about 12 percent in the past 12 months while the NZX 50 Index gained 5.7 percent.
(BusinessDesk)
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
