CEO Andrew Wilkinson to leave ALE Property Group

Company News

by Rachael Jones

Andrew Wilkinson, Chief Executive Officer and Managing Director ALE Property Group (ASX:LEP), has indicated after 16 years with the Group that he is look to pursue new challenges.

He will stay until the 2018 rent determinations are completed and a new CEO is appointed.

During his tenure he has overseen a growth in ALE’s market capitalisation from $91 million to more than $1.0 billion delivering a total return of around 20 per cent per annum.

In their full year results released today property income increased by 3.7 per cent to $60.2 million due to rent increases of 10 per cent for 36 of the properties from November 2018.

Shares in ALE Property Group (ASX:LEP) are trading 1.35 per cent lower at $5.11.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.