Susan Lloyd-Hurwitz resigns as CEO of Mirvac, Chairman John Mulcahy is replaced by Rob Sindel


The urban geography graduate, who began her career as a researcher at Knight Frank, has guided ASX-listed Mirvac and the country into the new build-to-rent housing typology, a sector that has indeed taken root in markets like the US , is new here.

Having worked in Australian companies for many years and worked with many CEOs, I believe Sue is a true leader of our time.

Mirvac Chairman John Mulcahy

She has also turned the company into a key player in fund management after overseeing Mirvac’s acquisition of the AMP Capital platform earlier this year, which manages the asset management firm’s $7.7 billion wholesale office fund versus competitor Dexus .

At Mirvac’s last earnings announcement in August, Ms Lloyd-Hurwitz said the company was expanding its pipeline of home sales to meet growing demand from the return of foreign immigrants and a short-term slump in new development.

“It has been rewarding and humbling to lead Mirvac for the past 10 years,” Ms. Lloyd-Hurwitz said Tuesday.

“There is so much to be proud of in the legacy Mirvac continues to build – making a positive impact on our urban environment, working towards ever greater sustainability, providing a workplace where all people belong and thrive and generate returns for our stakeholders.”

Mr Mulcahy said it was the right time to hand the company over to new leadership.

“Having worked in Australian companies for many years and working with many CEOs, I believe Sue is a true leader of our time and I have no doubt that she will continue to achieve great things,” he said.

“I have served on the Board since 2009 and as Chairman since 2013 and during that time the Group has made significant progress on its strategy.

“Our approximately $30 billion forward-looking development pipeline is becoming increasingly sector-diversified, with Mirvac evolving from a predominantly residential and office developer to a recognized creator and curator of leading mixed-use districts and sites. Sue was central to that success.”

Ms Lloyd-Hurwitz creates another position at the forefront of the Australian property industry.

The executive team reporting to her consists of Chief Financial Officer Courtenay Smith, Chief Investment Officer Brett Draffen – who announced his resignation last month – Head of Culture and Capability Chris Akayan, Head of Integrated Investment Portfolio Campbell Hanan, Head of Residential Stuart Penklis, Chief Digital Officer William Payne and Head of Stakeholder Relations Amy Menere.

“Mirvac is in the position it is in today thanks to the passion, dedication and expertise of our people and I am confident that we have the right team with a clear strategy, compelling purpose and strong values ​​to deliver to continue delivering long-term results for all of our stakeholders,” said Ms. Lloyd-Hurwitz.


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