This article is from the Australian Property Journal archive
2023 will herald in a new era for Mirvac Group, with the upcoming retirement of chair, John Mulcahy, and CEO and managing director, Susan Lloyd-Hurwitz.
Mulcahy announced he would retire before the end of his three-year term at Mirvac’s 2021 annual group meeting and has now confirmed his departure as at 31 December 2022.
“I have served on the board since 2009, and Chair from 2013, and during this time the group has made significant progress on its strategy,” said Mulcahy.
“Our forward-looking development pipeline of approximately $30bn is increasingly spread across sectors, with Mirvac moving from a predominately residential and office developer to a recognised creator and curator of leading mixed use precincts and places.”
Mulcahy has been at Mirvac since 2009, after being appointed as a non-executive director, before becoming the independent non-executive chair in 2013.
Following the board’s succession plan, Rob Sindel, a current non-executive director at Mirvac will start as the new chair from 1 January 2023.
Sindel has three decades of experience in the construction industry in both Australia and the UK, having held a number of senior executive roles before being appointed to his current position in 2020.
Lloyd-Hurwitz, who has served as CEO and managing director for a decade has also announced her retirement plans, stepping down and providing a smooth transition for her yet to be named successor from 30 June 2023.
“Recently I initiated a discussion with John, informing him of my intention to retire, allowing a long window for a smooth transition and continuity. It was not an easy decision however it is the right time to hand over to the next leaders of Mirvac to guide the Group through its next phase,” said Lloyd-Hurwitz.
“It has been rewarding and humbling to lead Mirvac for the past 10 years. There is so much for us to be proud of in the legacy Mirvac is continuing to build – having a positive impact on our urban environments, driving towards ever increasing sustainability, providing a workplace where all people can belong and thrive, and delivering returns for our stakeholders.”
Appointed as CEO, managing director and a director of the board in 2012, Lloyd-Hurwitz is a director of the Business Council of Australia, member of the NSW Public Service Commission Advisory Board, a member of the INSEAD Global Board, a trustee of the Australian Museum Foundation and the immediate past chair of the Green Building Council of Australia.
“This is the right time for both Sue and I to leave Mirvac and hand the baton over to the next generation of leaders of Mirvac,” concluded Mulcahy.
