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Charter Hall (ASX:CHC) snaps up AMP’s Carmel Hourigan as new Office CEO

ASX 200
ASX:CHC      MCAP $5.666B
23 July 2020 04:00 (AEST)

Charter Hall Group (CHC) has appointed Carmel Hourigan as the new Office Chief Executive Officer, replacing Adrian Taylor.

Adrian is leaving the group after 10 years to pursue other opportunities. He joined the team with the acquisition of the Macquarie Real Estate Platform in 2010.

“I would like to thank Adrian for his leadership, insights and contributions over the past ten years and wish him well for his future endeavours” Group Managing Director and CEO David Harrison said.

Carmel will take on Adrian’s role and join the Charter Hall Executive Committee (EXCO) after leaving AMP Capital as the Global Head of Real Estate four years into the role.

In her previous role, Carmel was responsible for leading AMP Capital’s $29 billion property investment and management business. Prior to AMP, Carmel held senior roles at GPT Group, Lend Lease and Colonial First State

With more than 28 years of experience in the real estate investment industry, Charter Hall believes she is the perfect fit for the company.

“We welcome Carmel to Charter Hall and know that she will lead our Office team and complement our EXCO in delivering for our customers and driving both growth and resilience across the Group,” David said.

“The diverse sector experience and leadership roles Carmel has played will be invaluable in supporting the growth of Charter Hall, as we continue to strive for outperformance and excellence on behalf of investors and shareholders,” he added.

On market close, Charter Hall is down 3.22 per cent and is trading for $9.93 per share.

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