This article is from the Australian Property Journal archive
LISTED home builder Simonds Group has appointed Rhett Simonds as a leader, joining Kelvin Ryan as joint CEO.
Simonds has been a non-executive director since April 2016 and CEO of Simonds Consolidated, the trading arm of the Simonds Family Office. He has several management roles within the SIO business since 2004 including as interim CEO from late 2017, handing over to Ryan upon his appointment in March 2018.
Chairman Iain Kirkwood said the board unanimously agreed to this new structure which introduces a number of benefits.
“Importantly, having Rhett share the CEO and managing director role with Kelvin increases SIO’s ability, with our industry-experienced executive team, to drive the business forward in both our traditional and new areas. We are conscious of the need to increasingly focus on sustainability which encompasses a range of areas. One key area is our social responsibility to foster and nurture internal talent and maximise the retention and tenure of our most senior executives.”
Simonds founder and senior advisor Gary Simonds added: “The new arrangement has the full support, trust and backing of the Simonds family. I believe it is very important to retain Kelvin in the business and we welcome the Joint CEO arrangement.”
