Stockland today announced that its long-serving Chairman, Graham Bradley AM, will retire at the forthcoming Annual General Meeting on October 26 2016, with current Board Director, Tom Pockett, to be appointed as the new Chairman.
Mr Bradley has served as Chairman of the Stockland Board for 11 years, from 2005 to 2016, and has served on the Board for over 12 years, since February 2004.
Mr Bradley said: “I am enormously proud of what has been achieved by our team at Stockland during my time on the Board. Stockland’s business is in excellent shape, with a first-rate management team under the capable leadership of CEO and Managing Director, Mark Steinert, so now is a good time for me to pass the baton of board leadership to my successor. I am delighted that the board has elected Tom Pockett as the next Chairman as part of our well-planned board succession process. Tom has brought valuable qualifications to the Stockland Board and, over the past two years, has demonstrated strong business judgement and leadership skills.”
Mr Pockett joined the Stockland Board in September 2014 after 12 years as the Chief Financial Officer of Woolworths Limited. He was an Executive Director of Woolworths from 2006 to 2014. He was previously Deputy Chief Financial Officer at the Commonwealth Bank of Australia and prior to that held several senior finance roles with the Lend Lease Group. At Stockland Mr Pockett has chaired the Audit Committee and is a member of the Risk and Sustainability Committees.
Mr Pockett said: “It is an honour and a privilege to be elected Chairman of the Stockland Board. Stockland is a truly great Australian property company with a well-considered strategy and a positive outlook for future growth. I intend to discharge my duties with the utmost diligence, working closely with the board and executive management team to continue to build on the success this company has established and built over many decades.
“On behalf of the board, executive committee, all Stockland employees and securityholders, I would like to thank Graham for his tremendous contribution to Stockland and recognise his life’s work and many significant achievements in improving the vitality and liveability of communities throughout Australia.”
During Mr Bradley’s tenure on the Stockland Board, the Group’s market capitalisation has grown from around $6.6 billion in 2004 to around $11.75 billion today. During the same period, Stockland has increased the breadth and quality of its diversified asset portfolio, delivered market leadership in the quality, liveability and affordability of its residential master planned communities, developed many of the best retirement living communities in the country and delivered many outstanding shopping centre redevelopments across the nation.
Under Mr Bradley’s leadership, Stockland’s commitment to sustainable developments has been recognised internationally, culminating with Stockland being named by the S&P Dow Jones Sustainability Index (DJSI) as the Global Real Estate Sector Leader for 2015-16, demonstrating world leadership across the areas of stakeholder engagement, supply chain management, biodiversity and climate change strategy. Stockland was also recognised as the Regional Sector Leader for Listed Australian Diversified Property Companies in the 2015 GRESB Report.
“We have nurtured a strong and distinctive corporate culture, and made significant progress in advancing women into leadership roles within our organisation,” said Mr Graham Bradley. “I have every confidence that the company will continue its support for these values and continue its successful performance under Tom Pockett’s chairmanship.”
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