Growthpoint Properties Australia (Growthpoint or the Group) announced that Geoff Tomlinson will retire from his position as Director and Chair of the Board of Growthpoint Properties Australia Limited, effective 1 March 2023.
Andrew Fay will join the Growthpoint Board as an independent non-executive director, effective 1 December 2022. Following a transitional period to allow for an orderly succession, Mr. Fay will become Chair of the Board on Mr.
Tomlinson's retirement. Andrew is an experienced company director across ASX listed, private and regulated entities. He is a non-executive Director of Integral Diagnostics Limited, National Cardiac Pty Limited and Utilities of Australia Pty Ltd. (trustee of Utilities Trust of Australia). He has also served as non-executive director of numerous entities including Pendal Group Limited where he also served as Chair of the Remuneration and Nomination Committee, Cromwell Property Group where he also served as Deputy Chair, Spark Infrastructure RE Limited, Gateway Lifestyle Group, South Australian and Victorian Power Networks and alternate director for Dexus
Property Group. Andrew also has significant executive experience gained from over 30 years working in financial services and funds and investment management, including as Chief Executive Officer and Chief Investment Officer roles at Deutsche Asset Management (Australia) Limited. He also later served as Chairman of Deutsche Asset Management in Australia and as Regional CIO, Asia-Pacific for the business. Along with his sector experience, he brings to the Board skills in leadership, financial and risk management, capital markets, executive remuneration frameworks, strategy, investment and corporate governance. He holds a Bachelor of Agricultural Economics with Honours (University of Sydney) and a Diploma from the Financial Services Institute of Australasia (FINSIA). Andrew will stand for election at Growthpoint's 2023 Annual General meeting, to be held in November 2023.