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

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

GOODMAN TAKES PROFIT AND REVENUE DECLINE BUT LOOKS TO CASH IN ON AMAZON'S ARRIVAL

Commercial and industrial property group Goodman (ASX: GMG) has reported underlying full year net profit has dropped ...

ARIADNE CUTS DEMANDS FOR FOUR ARDENT BOARD SEATS TO TWO AHEAD OF EGM

REBEL shareholders have reduced their demands on embattled theme parks operator Ardent Leisure (ASX: AAD) to give the...

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter