Executive team changes

NZX RELEASE
5 March 2019
Executive team changes



Kiwi Property has today announced a new streamlined executive team structure to align
more strongly the business to growth opportunities and position better the business for
continued success.

Chair, Mark Ford, said: “These changes represent a significant step toward streamlining our
business in a way that will greatly enhance our ability to grow revenue, while continuing to
focus our teams on creating the spaces that Kiwis love.”

The new executive team structure has been designed to:
• evolve the company’s core strategy to create mixed-use communities where we can
derive the combined economic benefits from synergistic mixed uses, such as office,
retail, hotels, civic, entertainment, dining, residential, medical etc.
• provide dedicated property investment and funds management resources to drive
our mixed-use focus and further leverage our property platform into third party asset
management opportunities
• drive rental income growth from the existing property portfolio
• increase collaboration across the property asset classes and teams, and
• seek operational efficiencies

“This represents the continued evolution of Kiwi Property’s investment strategy, establishing
clear paths and accountabilities for growth and business focus,” said Mr Ford.

Chief Executive Officer, Clive Mackenzie, said: “The Company’s strategy has been gradually
evolving beyond standalone office and retail property ownership to a more diversified
investment approach.”

“The organisational re-alignment further cements our strategic evolution to more
purposefully focus our business on extracting value from a mixed-use property approach,
and by building additional income streams, such as from funds management and third-
party asset management.”

The new executive team structure comprises the Chief Executive Officer and the following
roles:

• GM Asset Management
Linda Trainer, formerly GM Retail, will lead collaboration across the asset classes,
bringing to the role more than 20 years of property, management and marketing
experience.

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• GM Development
Ian Passau will continue to lead our development and major capital works
programmes across our entire property portfolio, bringing circa 30 years of project,
design, construction and development experience to the role.

• GM Finance and Shared Services
An executive search is underway to fill this newly created role.

• GM Funds Management and Capital Markets
Gavin Parker, formerly Chief Operating Officer, is responsible for establishing a
property funds management business within Kiwi Property. He is well known to the
New Zealand property sector and brings to the role more than 20 years' experience in
property investment, funds management, capital management and investor relations.

• GM Income and Leasing
Aubrey Cheng, formerly Manager Retail Leasing, has more than 18 years of property
experience and will drive all property-related income, including leasing, space
optimisation, advertising and more. He is also responsible for developing and
maintaining tenant relationships.

• GM People and Communications
Kylie Eagle, formerly head of People and Culture, will lead our people and
communications strategies and has been an integral member of Kiwi Property’s
leadership team since 2011. She brings to her new role extensive experience in human
resources, organisational transformation and communications.

• GM Property Investment
Michael Holloway, formerly GM Commercial, will be responsible for all forms of
property investment at Kiwi Property and brings to this role more than 23 years'
experience in property and asset management.

David Greenwood, Jason Happy, Shelley Jenkin, Natasha Loulanting and Trevor Wairepo,
will continue to support the business in their roles.

After progressing through the business in several roles over 13 years, Stuart Tabuteau has
decided to pursue new opportunities and will remain in the role of Chief Financial Officer
until the end of June 2019.
Mr Mackenzie said: “Stuart has been instrumental in shaping our finance team and investor
reporting, and has assisted the business on many of its major capital markets and corporate
initiatives, including the company’s internalisation and corporatisation events. I take this
opportunity to thank Stuart for his 13 years at Kiwi Property and wish him every success in his
future endeavours.”

> Ends

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Contact us for further information
Clive Mackenzie
Chief Executive Officer
clive.mackenzie@kp.co.nz
+64 9 359 4011
Gavin Parker
GM Funds Management and Capital Markets
gavin.parker@kp.co.nz
+64 9 359 4012

About us
Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock
Exchange and is a member of the S&P/NZX 15 Index. We’ve been around for 25 years and we
proudly own and manage a $3.0 billion portfolio of real estate, comprising some of New
Zealand’s best retail and prime office buildings. Our objective is to provide investors with a
reliable investment in New Zealand property through the ownership and active management
of a diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi Property a
corporate credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed
rate senior secured bonds. Kiwi Property is the highest rated New Zealand company within
CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of benchmark and
tradable indexes for ESG (Environmental, Social and Governance) investors. Kiwi Property is
licensed under the Real Estate Agents Act 2008. To find out more, visit our website kp.co.nz