The Board of Investa today announced the appointment of Peter Menegazzo as the Group’s new Chief Executive Officer (CEO). Peter will move into the role on 1st July, replacing current CEO Jonathan Callaghan, who is stepping down from the role.
Investa Chairman, Mr David Baffsky, said: “Peter is a strategic leader with a proven track record, who has been a key executive within the Investa management team since 2012, spearheading many of Investa’s business initiatives and achievements in recent years. Peter is highly regarded in the industry, with extensive experience across a broad range of real estate business functions, including funds management, finance, transactions and business and investment strategy.”
“Following an internal and external executive recruitment process, the board is very pleased to appoint Peter as Investa’s new CEO and we look forward to working with him to take the company forward.”
Mr Menegazzo is currently Chief Investment Officer, re-joining Investa in 2007 after earlier working within the business between 2002 - 2004. Prior to his current role, he was Fund Manager of Investa Commercial Property Fund, overseeing its strategy to become one of the pre-eminent office funds in Australia and delivering strong investment performance during his tenure.
Mr Menegazzo said: “I feel extremely humbled and privileged to be appointed to the role of CEO of this great company. Investa has very talented people, a great culture and a first-class track record and I am fortunate to have these strong foundations to build from for our exciting future ahead. I look forward to working with the board and the broader Investa team to lead the business through the next chapter.”
“I would like to thank Jonathan for his significant leadership and contribution to this business over the last 14 years. Having worked alongside him over much of this period, he has been instrumental in transitioning this business through significant change and the achievement of many milestones. He leaves the business in a strong position for the future.”
The purchase of 50% of the Investa management platform by global real estate firm, Oxford Properties last November further boosted Investa’s growth and diversification capabilities. It marked the beginning of an important next phase for the business, with Investa acting as Oxford’s partner across its commercial assets in Australia, including its flagship Parkline Place office development in the Sydney CBD.
Mr Callaghan said: “It has been a privilege to lead this company and work alongside many talented and dedicated people. I wish Peter all the best in his new role as CEO and am confident Investa will achieve further success under his leadership.”
For more information contact:
Group Executive, Brand & Innovation
M +61 416 022 711