LONGTIME CROMWELL DIRECTOR RETIRES

Written on the 26 February 2015

LONGTIME CROMWELL DIRECTOR RETIRES

CROMWELL Property Group (ASX:CMW) has announced the retirement of executive director Daryl Wilson as he pursues other interests.

Wilson joined the commercial property investment group in 1999 and was responsible for finance and funds management.

In recent years he has been involved with the development of a new investment product outside of the property sector.

The Cromwell board and Wilson came to the agreement that he should resign to pursue the new business venture outside of the company.

Chairman Geoff Levy says the company will continue to drive its property portfolio and funds management business.

Cromwell Funds Management Limited executive director Michael Blake will continue to build the company's $1.5 billion Australian funds management platform.

"The board wishes Daryl every success in the development and promotion of his new fund, and thanks him for the substantial contribution he made to the group over a period of 15 years," Levy says.

The real estate investment trust has interests in Phoenix, Oyster and Valad Europe businesses.

Wilson has retired as a director of Cromwell Property Securities Limited, Cromwell Corporation Limited and all subsidiaries.

His retirement became effective on February 25.


Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter