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:

TRU - Resignation of CEO, Martin Dillon
HGH - Heartland confirms endorsement of TSB Heartland Bank CEO
Devon Funds Morning Note - 02 October 2026
TEM - Transaction in Own Shares
SPK - Notice of Annual Meeting and Proxy Form
October 2nd Morning Report
AFI - Dividend Guidance for FY27 and Move to Quarterly Dividends
SKO - Serko FY27 Interim Results Announcement Date - 16 November
NZK - Proposed Share Transaction Requiring Shareholder Approval
BIF - capital commitment made to BIF