Sharechat Logo

Kiwi Income Property reshuffles executive positions

Monday 13th October 2014

Text too small?

Kiwi Income Property Trust, the country's second largest property trust by market capitalisation, has appointed Gavin Parker as chief operating officer, while Stuart Tabuteau will become chief financial officer. 

Parker takes on the newly created role, following an organisational review as it shifts to internal management after Commonwealth Bank of Australia sold the contract last December, the Auckland-based property investor said in a statement. Tabuteau will replace him in the chief financial officer role, having worked as the trust's financial controller over the past eight years. 

Mark Luther has resigned as the company's general manager of development, ending 18 years with Kiwi Income, but will stay on as an advisor. The company will combine the responsibility of retail and office development and have begun looking for a replacement. 

“Following the internalisation of the trust’s management, we have undertaken a review to ensure we are optimally configured, with the right organisational design, accountabilities and capabilities to deliver on our corporate objective, goals and strategy," chief executive Chris Gudgeon said. 

Shares of Kiwi Income fell 0.4 percent to $1.19 and have gained 11 percent since the start of the year. 

 

 

 

 

BusinessDesk.co.nz

  General Finance Advertising    

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.

Related News:

NZ dollar falls on news RBNZ is looking at "unconventional" policy
Wrightson capital return gets shareholder approval
Morrison & Co eyes asset sales from first PIP Fund
Improved transmission pricing may save $2.7 bln - Electricity Authority
Precision Foundry receivers say no money for unsecured creditors
23rd July 2019 Morning Report
NZ dollar tad weaker, ECB, Federal Reserve in focus
MARKET CLOSE: NZ shares outperform Asia as exporters gain; Sky leads market higher
Significant shortfall for subbies in Ebert receivership
Transpower sees no risk to credit metrics from incentive change

IRG See IRG research reports