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EQS-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Personnel Dexus (ASX: DXS) ASX release 11 December 2023 Ross Du Vernet appointed as Dexus CEO effective March 2024 Dexus announces the appointment of Ross Du Vernet as the next Chief Executive Officer (CEO) and Executive Director of Dexus. Ross will take up the CEO appointment in March 2024. Darren Steinberg will continue as Dexus CEO until that time and will work closely with the Board and Ross to ensure a smooth transition. Dexus Chair, Warwick Negus said: “On behalf of the Board we are delighted to appoint Ross as the next CEO of Dexus. The Board has spent much of 2023 planning for succession, which also included executing a global search, and is confident that alongside our highly regarded Executive Leadership Team, Ross will succeed in leading Dexus through its next phase of growth. “During his time at Dexus, Ross has made a significant contribution to the delivery of our strategy and repositioning the company as a leading Australasian real assets manager. The combination of his deep property investment expertise, track record of setting and delivering on strategy and his knowledge of the Dexus business makes Ross the ideal successor. “I would again like to thank Darren for his leadership over the past 12 years. Since joining Dexus in 2012, Darren has been instrumental in growing Dexus’s total funds under management from $12.9 billion to $61.0 billion, while at the same time enhancing portfolio quality and diversifying the platform including into new sectors such as healthcare, opportunistic and infrastructure.” Dexus CEO, Darren Steinberg said: “Dexus has a strong team of experienced and high performing people, and I will miss working with them every day. One of my proudest achievements is building a talented team of people who I have seen flourish at Dexus. It has been an honour to have been the CEO of Dexus and I would like to congratulate Ross on his appointment as CEO. With Dexus positioned as a leading Australasian real asset manager, I am confident in the future under Ross’ leadership.” Ross Du Vernet said: “It is a privilege to be appointed to the role of CEO. Dexus is at an exciting stage in its evolution, with strong foundations and a unique set of capabilities in the platform. Darren is handing over Dexus in a strong position and I am committed to working with our clients, the Board and wider Dexus team as we deliver long-term value for investors and work towards our vision of being globally recognised as Australasia’s leading real asset manager.” Refer to Appendix A for a summary of material terms and conditions of employment for Ross Du Vernet. Ross has been a member of the Executive Leadership Team since he joined Dexus in 2012 and currently serves as Chief Investment Officer at Dexus. He has more than 20 years of extensive experience in the property industry with a background in corporate transactions, strategy, development and funds management in Australia and abroad. Appendix A
Authorised by the Board of Dexus Funds Management Limited For further information please contact:
End of Inside Information Information and Explanation of the Issuer to this announcement: About Dexus Dexus (ASX: DXS) is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $61.0 billion (pro forma post final completion of the AMP Capital acquisition). We believe that the strength and quality of our relationships will always be central to our success and are deeply connected to our purpose: Unlock potential, create tomorrow. We directly and indirectly own $17.4 billion of office, industrial, healthcare, retail and infrastructure assets and investments. We manage a further $43.6 billion of investments in our funds management business (pro forma post final completion of the AMP Capital acquisition) which provides third party capital with exposure to quality sector specific and diversified real asset products. The funds within this business have a strong track record of delivering performance and benefit from Dexus’s capabilities. The group’s $17.4 billion real estate development pipeline provides the opportunity to grow both portfolios and enhance future returns. Our sustainability aspiration is to unlock the potential of real assets to create lasting positive impact and a more sustainable tomorrow, and is focused on the priorities of customer prosperity, climate action and enhancing communities. Dexus is supported by more than 34,000 investors from 25 countries. With four decades of expertise in property investment, funds management, asset management and development, we have a proven track record in capital and risk management and delivering returns for investors. www.dexus.com Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS)
10-Dec-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Dexus Finance Pty Limited |
| 264 George Street | |
| 2193 Sydney | |
| Australia | |
| Phone: | +61 2 9017 1100 |
| Fax: | +61 2 9017 1101 |
| E-mail: | ir@dexus.com |
| Internet: | www.dexus.com |
| ISIN: | XS1961891220, XS2487637527 |
| WKN: | A2RZHG |
| Listed: | Regulated Unofficial Market in Frankfurt |
| EQS News ID: | 1793505 |
| End of Announcement | EQS News Service |
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1793505 10-Dec-2023 CET/CEST