This article is from the Australian Property Journal archive
STOCKLAND has nabbed former long-term GPT Group chief Bob Johnston to sit on its board of directors from October.
Johnston served as GPT’s chief executive from 2015 before handing over the reins in recent months to Russell Proutt, as the group experiences an overhaul at the top.
Stockland chairman, Tom Pockett said, “I am very pleased to welcome Bob to the Stockland board.”
“Bob has over 30 years of experience in the property sector including investment, development, project management and construction across Australia and internationally. His appointment reflects our ongoing focus on board succession, with his experience complementing and strengthening the board’s experience and expertise.”
Johnston has also previously held roles as the managing director of Frasers Property Australia (formerly listed property group Australand) and a number of senior management positions with Lendlease, both in Australia and overseas.
As required by the Stockland constitution, Johnston will offer himself for election by shareholders at the 2024 Stockland annual general meetings.
Last week, Stockland’s $1.3 billion acquisition alongside Thai group Supalai of 12 master-planned communities from Lendlease was pushed back again, with the Australian Competition and Consumer Commission raising concerns around the potential removal of competition in the communities’ locations.
