Investa today announced that CEO Jonathan Callaghan will be stepping down after 5 years as CEO and over 14 years with the company.
The Chairman of Investa, Mr David Baffsky, said: “The Board sincerely thanks Jonathan for his contribution and leadership over the last 14 years and recognises his significant contribution and achievements in successfully growing and transitioning the business through several cycles.
Jonathan’s vision for Investa as Australia’s leading office owner and manager has never wavered and his strong focus on sustainability, innovation and operational excellence has created a resilient and future-focused organisation. His commitment to fostering an inclusive, diverse culture and a highly engaged workforce have been a hallmark of his tenure, which was acknowledged this month in the AFR Boss Best Places to Work awards, where Investa took the top spot in the Property, Construction and Transport category.”
During Mr Callaghan’s tenure Investa’s flagship investment vehicle, Investa Commercial Property Fund has been Australia’s top performing wholesale office fund on the MSCI/Mercer Australia Core Wholesale Property Fund Index over multiple time horizons. Mr Callaghan successfully oversaw the privatisation of Investa Office Fund, enhanced the company’s ownership structure and established a transformative strategic plan geared for growth and high performance across both core and new business areas.
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 capability, marking the beginning of an important next phase for the business.
Mr Callaghan said: “This business is at an important juncture, with a number of exciting growth opportunities ahead of it. With the support of the Board and a highly capable management team, it is the right time for a new CEO to step in and lead the business through this next phase.
It has been a privilege to lead this company and work alongside many talented and dedicated people. I am incredibly proud of what we have achieved and the way in which we have successfully navigated both the challenges and opportunities. Investa remains a respected market leader and continues to attract global and domestic investors, quality tenants and the best talent in the industry.”
Investa has commenced the process to appoint the company’s new CEO, which will consider both internal and external candidates. Mr Callaghan has committed to a flexible period of transition to provide for a smooth handover and continuity of operations and performance.
For more information:
Germaine Graham
Head of Communications, Investa
E ggraham@investa.com.au
