VICINITY Centres’ former CEO Angus McNaughton has been appointed to the board of GPT.
McNaughton has been appointed a non-executive director from 1 November, 2018.
McNaughton was the CEO of Vicinity from August 2015 to December 2017. Prior to that, he was managing director of Colonial First State Property from 2011, before becoming the CEO of Novion Property Group in 2014.
He led Novion through the merger between Novion and Federation Centres, which became Vicinity in June 2015.
GPT chairman Vickki McFadden said she was very pleased to welcome Angus to the Board.
“Angus brings extensive real estate and funds management experience, gained across a variety of roles, to the board. These skills and experience will be a valuable addition to the board, and we look forward to Angus making a significant contribution to the future of the group.” She added.
At the same time, Brendan Crotty will retire from the board in November 2018 after nine years.
“Brendan joined the GPT Board following a period of significant transformation for the Group, and his deep knowledge of property investment markets has been of significant benefit to the Group. Brendan’s experience and market standing was more recently recognised by being named inaugural chair of the National Housing Finance and Investment Corporation,” McFadden said. “Brendan has made a most valuable contribution to the Group over the last nine years and we wish him all the best in the future and in particular with his new role chairing the recently established NHFIC.”
Australian Property Journal