This article is from the Australian Property Journal archive
ASX-listed GDI’s long‐standing managing director and CEO, Steve Gillard, has resigned from his post for personal reasons, effective immediately.
Gillard joined GDI in 2005 as managing director. Assets under management of the group have grown from $70 million immediately prior to the GFC to over $1 billion today, while GDI was listed on the ASX in 2013.
“I would like to thank Steve for all his efforts and commitment to building this fine, entrepreneurial group, and recognise what an immense achievement it is. He has built a strong team around him and leaves the group in good shape with low debt and leasing momentum in Perth,” chairman Gina Anderson, said.
It is proposed that Stephen Burns, a GDI director since 2018, acts as interim managing director and CEO until a permanent replacement is appointed.
Burns is currently a managing director at Stanton Road Partners and was previously head of real estate investment banking at Credit Suisse, Australia, a role he held for nine years after holding a similar position at Deutsche Bank, Australia.
“Burns possesses vast experience as a real estate specialist advisor and expertise in capital markets, mergers, acquisitions and other corporate transactions. Mr Burns has expert skills and deep relationships demonstrated over multiple cycles, over the past 30-plus years,” GDI said.
