Stockland’s chief executive of commercial property John Schroder will step back from full time executive responsibilities in a management shake-up that will see former AMP Capital COO Louise Mason manage its oversee its retail portfolio.
Schroder (pictured), who has been with Stockland for twelve years, did not elaborate on his retirement but will move into a consultancy role for the landlord from 2 July.
Stockland CEO and managing director Mark Steinert credited Schroder with the transformation of Stockland’s commercial property business over the last decade.
“John has created a fully integrated management design and development capability for our retail and logistics and business park businesses and established strong relationships with an array of our customers, business partners and stakeholders,” he said.
Schroder has served as the head of the retail landlord’s commercial portfolio at a time when tensions between landlords and tenants have escalated over rental provisions and shopping centres have undergone significant disruption due to online shopping.
Mason will join in the coming months as group executive and CEO, commercial property, after spending just over two years as COO of AMP Capital.
Before that Mason was managing director of AMP Capital’s office and industrial property arm and has also worked for Lendlease.
“Louise is a highly regarded, experienced property professional with expertise across the different aspects of commercial property gained over the last two decades at AMP Capital and Lendlease,” Steinert said.
Mason recently led AMP Capital’s $2 billion regeneration project of Quay Quarter Sydney at Circular Quay.
Schroder said the business is well positioned moving forward with a $1 billion current and future development pipeline.
“I feel incredibly privileged to have led the Commercial Property team at Stockland over the past 12 years,” he said. “I’m particularly proud of the town centres we’ve created for communities across the country.”
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