Mirvac Group said on Thursday that its head of residential John Carfi would leave the company to pursue a new opportunity in Dubai with Emaar Properties PJSC as Group chief executive officer.
Mirvac chief executive and managing director, Susan Lloyd-Hurwitz said, “John joined Mirvac in 2001 and has made a significant contribution to the Group over the past 15 years”.
He had led the transformation of the residential business into the “high quality, strong performing business that it is today,” she said.
“On behalf of the Board and management team I would like to thank John for his strong leadership and the important role he has played in the business for many years and wish him all the best in his new role.”
Mr Carfi said, “I have enjoyed my time at Mirvac and I am extremely pleased to have been able to lead one of Australia’s leading residential businesses for many years. The existing business is positioned extremely well to continue to deliver strong earnings and the substantial pipeline will ensure its future success. Whilst I am sad to be leaving Mirvac I am looking forward to the opportunity I have ahead of me.”
He leaves at the end of February 2017. Mirvac’s chief investment officer, Brett Draffen, will oversee the residential business while a permanent replacement is found.