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:

RAK - Rakon Receipt of Takeover Notice
January 12th Morning Report
GEN - Resignation of Corporate Counsel and Company Secretary
January 9th Morning Report
VSL - Confirmation of MD/CEO and Board changes
January 5th Morning Report
December 31st Morning Report
December 30th Morning Report
CHATHAM ROCK CLOSES PRIVATE PLACEMENT
December 29th Morning Report