Kiwi Property CEO Gudgeon to step down in 2018 after 10 years with company

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)

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CHI - Channel Infrastructure delivers solid FY25 financial result
February 27th Morning Report
TRU - Results Guidance FY2026
TRU - Results Guidance FY2026
MEE - Me Today announces six-month results to 31 December 2025
HGH - Heartland announces 1H2026 result
BRW - FY26 Half Year Results Announcement
February 25th Morning Report
Genesis completes NZ$100m Placement
MCY - Invests heavily in renewables; delivers strong performance