FKP Property Group
(ASX:FKP) has announced Managing Director and CEO Peter Brown has retired from his position after leading the Group for almost 10 years.
His retirement is effective today. The board of FKP and Mr Brown have agreed that after a recent successful capital raising it was an appropriate time for him to step down.
He will continue to serve as non-executive director on the boards of Forest Place Group
(ASX:FPG) and Retirement Villages Group.
A replacement search is underway with FKP’s Executive Chairman leading the group during the transition.
FKP Property Group booked a full year net loss $359.9 million.
