Stockland, the Australian Stock Exchange listed company, announced that Mark Steinert plans to retire as Chief Executive Officer and Managing Director after seven and a half years in the role.
Mark Steinert was appointed to the Board and Managing Director and Chief Executive Officer of Stockland on 29 January 2013. Steinert has deep experience in property and financial services including eight years in direct property primarily with Jones Lang LaSalle and 10 years in listed real estate with UBS where he held numerous senior roles including Head of Australasian Equities, Global Head of Research (Equities and Fixed Income) and Global Head of Product Development and Management for Global Asset Management.
Steinert is a past President and current Director of the Property Council of Australia and a member of the Property Male Champions of Change.
Steinert is a member of the Sustainability Committee and a Director of Stockland Capital Partners Limited, the Responsible Entity for Stockland’s unlisted property funds. Mr Steinert is also a Director of the Stockland CARE Foundation Board.
“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. A process will now commence to identify a successor from a field of internal and external candidates,” said Tom Pockett, Chairman of Stockland.
“We have made significant progress in reshaping our portfolio and creating a customer centric business. In particular, as Chief Executive Officer and Managing Director, Mark has overseen the development of Australia’s leading residential business, reshaped and expanded our workplace and logistics portfolio and significantly repositioned our town centre 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,” he added.
Steinert said: “My immediate priority is driving initiatives to take advantage of the COVID-19 recovery period and further accelerate the digitisation of our business and delivery of our strategic priorities.
“As confirmed in our recent market updates, 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.”