This article is from the Australian Property Journal archive
ALE Property Group will appoint Guy Farrands to succeed Andrew Wilkinson as chief executive officer and managing director.
Farrands will join ALE as a consultant from 20 May prior to Wilkinson stepping down, which is anticipated to take place in the first quarter of FY21.
Wilkinson will continue to work closely with Farrands and the board to ensure a smooth transition, transfer of corporate history and an in-depth understanding of the 2018 rent determination process.
Wilkinson is stepping down after a long stint at the helm of Australia’s largest listed publican, after joining the company in 2004.
ALE chairman Robert Mactier said Farrands will make a valuable contribution to ALE with the experience and perspectives he has gained during an extensive executive career, spanning a range of leadership and governance roles in the property sector. Farrands is currently a non-executive director of Aspen Group and his most recent executive role was as CFO of Viva Energy REIT.
Farrands has also led GEO Property Group, subsequently Villa World and Valad Property Group. Prior to that, he was division director of the real estate division of Macquarie Bank, associate director and joint head of property for Heine Management Limited and manager in the investment sales department at JLL.
“We are delighted to have secured an executive with Guy’s extensive background and leadership experience in the property sector to lead ALE during its next period of growth. We are particularly grateful to Andrew for his very significant contribution to ALE over the many years he has been the company’s CEO and managing director,” he added.
Farrands added: “I am enthusiastic about joining ALE Property Group and building on the very solid foundations of the business. This is undoubtedly a pivotal moment in the history of the group with the imminent completion of the 2018 rent determination processes establishing the framework for the group to realise its significant future growth potential. I look forward to working alongside Andrew and the Board during the planned transition period.”
