Stockland Chairman Graham Bradley today announced that Stephen Newton will join the Stockland Board from 20 June 2016.
Mr Bradley said: “I am very pleased to welcome Stephen to the Stockland Board. Stephen is a highly experienced director with an extensive career history in the property and investment sectors. He is an excellent addition to our team and I look forward to his contribution.”
Mr Newton has deep experience across real estate development, property management and infrastructure investment gained during almost 23 years with Lend Lease Corporation and more than 13 years as a Principal of investment management and capital advisory business, Arcadia Funds Management.
He is currently a Director of listed Gateway Lifestyle Group and a Non-Executive Director of Campus Living Funds Management Limited. Mr Newton was a Director of Australand Property Group from 2007-2014.
He is an Advisory Board Member, representing Alberta Investment Management Corp (Canada), of the Forestry Investment Trust, a Director of both BAI Communications Group and the University of Notre Dame Australia, and Chairman of the Finance Council for the Catholic Archdiocese of Sydney.
As required by the Stockland Constitution, Mr Newton will offer himself for election by securityholders at the 2016 Annual General Meeting to be held in October.
Mr Bradley also announced that, following more than 10 years of service on the Stockland Board, Peter Scott will retire from his position in August 2016.
Mr Scott joined the Stockland Board in August 2005 and currently serves as Chair of the Risk Committee and as a member of the Sustainability Committee.
“Peter has been a highly valued member of our Board for over a decade. With his engineering and construction background and his broad business management experience, Peter has brought many strategic and operational insights to our Boardroom”, Mr Bradley said. “On behalf of Stockland securityholders, I sincerely thank him for his long and dedicated service and wish him all the very best for the future.”