Stockland CEO of commercial property, Louise Mason, will step down in late December from her full-time executive role.
Her role oversaw the management of 20 retail town centres across New South Wales, Queensland, Victoria and Western Australia, each generating around $5.6 billion in retail sales per annum according to Stockland.
Mason had been in the role for six years and will now pursue a new phase of her career.
Stockland CEO Tarun Gupta said Mason has made a significant contribution to Stockland during her leadership.
“As the CEO of our Commercial Property business, she has led the repositioning of the retail and workplace portfolios and the substantial growth of the logistics portfolio,” Gupta said. “A highly valued member of the leadership team, Louise has been deeply involved in the execution of strategic initiatives as well as playing an important role in the development of key talent and high employee engagement.
“I would like to thank Louise for her commitment and contribution to the organisation and I wish her well for her future endeavours.”
Mason thanked the commercial property team and those in the wider organisation for driving results for the company’s securityholders.
“I wish everyone in the organisation the best and look forward to seeing its future success,” Mason said.
In a bid to reshape the group’s operating structure, Stockland CEO of communities Andrew Whitson will take on the role of CEO of development with end-to-end responsibility for development and delivery across all asset classes.
Kylie O’Connor will join Stockland on November 27, 2023 in the new role of CEO of investment management with responsibility for Stockland-owned investments and the growing capital partnership platform.
O’Connor has over 25 years’ experience in property funds management, holds a Bachelor of Commerce (Land Economics) and Graduate Diploma in Applied Finance and Investment and most recently held the role of Global Head of Real Estate at AMP Capital.