Mirvac Group (ASX:MGR) - Outgoing Managing Director & CEO, Susan Lloyd Hurwitz
Outgoing Managing Director & CEO, Susan Lloyd Hurwitz
Source: Australian Property Journal
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Two members of Mirvac’s (MGR) leadership team have submitted their resignations to the board
  • The company today announced the retirement plans for Chair John Mulcahy, and CEO and Managing Director Susan Lloyd-Hurwitz
  • Dr Mulcahy will step down prior to the end of his three-year term, with his final day with the company falling on December 31, 2022, with Mirvac’s Non-Executive Director Rob Sindel to step into the role from 2023
  • After a decade in the role, Ms Lloyd-Hurwitz will also retire from Mirvac, with her final day set for June 30, 2023
  • Mirvac ends the day 2.04 per cent in the red to close at $1.92

Two members of Mirvac’s (MGR) leadership team have submitted their resignations to the board.

The company today announced the retirement plans for Chair John Mulcahy, and CEO and Managing Director Susan Lloyd-Hurwitz.

Dr Mulcahy will step down prior to the end of his three-year term, with his final day with the company falling on December 31, 2022.

As such, Mirvac’s Non-Executive Director Rob Sindel has been appointed as the new Chair from the first day of the new year.

Mr Sindel was appointed to the non-executive role in September 2020, bringing with him 30 years of experience in the construction industry both in Australia and the UK.

After a decade in the role, Ms Lloyd-Hurwitz will also retire from Mirvac, with her final day set for June 30, 2023.

The company has already begun a process to find a replacement, with whom she will prepare a smooth transition.  

“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,” Dr Mulcahy said.

“In my many years of working in corporate Australia and working with many CEOs, I believe that Sue is a true leader of our time, and I have no doubt she will continue to achieve great things.”

Mirvac has ended the day 2.04 per cent in the red to close at $1.92.

MGR by the numbers
More From The Market Online
Nuclear energy concept

Regulator approves Paladin’s acquisition of TSX-listed Fission Uranium

Paladin Energy (ASX:PDN) has seen its shares defy a red Thursday and jump slightly on news…
Cluster of gold nuggets

Voltaic Strategic Resources zooms in on polymetallic finds at Kooline

Voltaic Strategic Resources Ltd has discovered high grade gold and silver, as well as lead and…
Canada lawsuit concept

Conico to appeal Canadian arbitrator’s decision in drilling spat dispute

Conico intends to appeal a Canadian court's decision that threw out its counterclaim against a drilling…
Bolivian women in traditional dress

Cosmos to tap into Bolivian lithium by buying well-placed private dev company

Cosmos Exploration has entered an agreement to acquire EAU Lithium, a company seeking to unlock Bolivian…