New CEO at Stockland

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Mark Steinert has been named as the new CEO of Stockland commencing 14 January 2013. He succeeds Matthew Quinn who has been CEO for 12 years and whose decision to retire led to a four month search for his replacement. Mr. Steinert commenced his career 25 years ago in real estate with eight years in direct property primarily with Jones Lang LaSalle before joining investment bank UBS.

Specializing in property he advanced in UBS to Global Head of Product Development and Management for Global Asset Management, based in New York. UBS is a $559 billion global fund manager. His commencement salary at Stockland is $1.5 million with short and long-term stock incentives that could add 200% to the base. He has had a long Association with the Property Council – relevant given the recent merger with the Retirement Village Association.

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