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  • GDI Property Group (GDI) announces the resignation of longstanding Managing Director and CEO Steve Gillard, effective immediately
  • Mr Gillard joined GDI back in 2005 as Managing Director, guiding the company to hold more than $1 billion in assets under management
  • GDI Chairman Gina Anderson thanked Mr Gillard for his efforts and commitment to building a “fine, entrepreneurial group”
  • The company appoints current director Stephen Burns as interim Managing Director and CEO until it finds a replacement for Mr Gillard
  • Shares in GDI are down 1.96 per cent to 75 cents at 10:39 am AEDT

GDI Property Group (GDI) has announced the resignation of longstanding Managing Director and CEO Steve Gillard, effective immediately

Mr Gillard joined GDI group as Managing Director back in 2005, transforming the company to hold more than $1 billion in assets under management today.

GDI Property Chairman Gina Anderson thanked Mr Gillard for all his efforts in turning the group into what it has become today.

“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,” Ms Anderson said.

“He has built a strong team around him and leaves the group in good shape with low debt and leasing momentum in Perth.”

The company said GDI Director Stephen Burns would act as interim Managing Director and CEO until a replacement for Mr Gillard had been found.

Mr Burns, the current Managing Director at Stanton Road Partners, has broad expertise in capital markets, mergers, acquisitions and other corporate transactions.

GDI will carry out a “comprehensive search” in a bid to find its new boss.

Shares in GDI are down 1.96 per cent to 75 cents at 10:39 am AEDT.

GDI by the numbers
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