The GPT Group has made changes to its Leadership Team as part of a business restructure.
The restructure will see the establishment of three business units: retail, office and logistics, and funds management.
There will also be a “new function and leadership position of chief operating officer”, to be taken up by Mark Fookes.
Other leadership changes include:
- the appointment of Anastasia Clarke to the role of chief financial officer
- the appointment of Matthew Faddy to the role of head of office and logistics
- the appointment of Vanessa Orth to the role of head of retail
- Nicholas Harris to be head of group strategy and research, in addition to his existing role as head of funds management
The changes will also see about 15 employees cut, including John Thomas, former head of logistics and business parks development.
It is understood that no sustainability positions have been cut.
Chief executive Bob Johnston said GPT’s structure would move from an operational model to a functional, sector-based approach.
“I am making these changes to better position GPT to deliver on our strategy of providing strong performance across our balance sheet and managed funds,” Mr Johnston said.
“Moving to a sector-based management structure will provide greater clarity to our business model and drive increased accountability and agility.”