6 February 2014 — Grocon’s Daniel Grocon has announced that deputy chief executive Carolyn Viney will replace him as chief executive.
The move comes just two years after Mr Grollo took sole control of the company, however a Grocon statement said Mr Grollo will become executive chairman and retain oversight and full ownership of the business. Current chairman Rowan Kennedy will become deputy chairman.
Mr Grollo said he would also continue his role as non-executive director of UBS Grocon Real Estate and “leading Grocon’s diversification into new markets, including off-shore”, which will involve spending more time in the US, where the company is set to acquire the $US800 million ($911 million) Park Avenue Tower in Manhattan.
Mr Grollo told The Australian he would divide his time between the US and Australia, as he still had commitments here, including as chair of the Green Building Council of Australia.
Ms Viney has been deputy chief executive for the past two years, though has had many roles with Grocon since joining in 2003.
“For the last five years, Carolyn has been intimately involved with me and the board in setting Grocon’s strategic direction and, since becoming deputy CEO in 2012, has been largely responsible for the day-to-day running of the business,” Mr Grollo said.
“Carolyn has had a strong hand in Grocon’s recent success including growing the company’s portfolio of projects and overseeing successful project delivery. This is a succession which has long been anticipated by and has been welcomed by our people and will see us continue to grow our business toward an exciting sustainable future.”
Ms Viney said she was delighted to be appointed chief executive.
“Grocon is a great Australian company with a rich heritage, strong future and outstanding people,” she said.
“Recent years have witnessed unprecedented growth in Grocon’s portfolio of projects and the company is well positioned heading into 2014 with a $2 billion new business pipeline and proven capital sourcing and development management capabilities.”