Mirvac Group (ASX:MGR) - Outgoing Managing Director & CEO, Susan Lloyd Hurwitz
Outgoing Managing Director & CEO, Susan Lloyd Hurwitz
Source: Australian Property Journal
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  • 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
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