Goodman (NZ) Board Changes

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Goodman (NZ) Board Changes
Date 29 May 2023
Release Immediate
Goodman (NZ) Limited, the Manager of Goodman Property Trust, today announced a
number of changes to its Board. After 13 years, Independent Director Keith Smith is
stepping down as Chair. The Directors have unanimously appointed Non-executive
Director John Dakin as his successor, and Independent Director David Gibson as
Deputy Chair. Long-standing Director Phillip Pryke has also announced his retirement.
Keith Smith said, “It has been a privilege to lead a highly effective Board that has overseen
the successful repositioning of GMT as an industrial property specialist and delivered the
strong governance that is contributing to positive and sustainable business growth.
With their extensive real estate, corporate and investment backgrounds, John and David
have the right skills and experience to lead the Board for the benefit of all our stakeholders.”
Greg Goodman, Goodman Group Chief Executive Officer said, “I would like to thank Keith
for his stewardship over the last 13 years and acknowledge his great contribution to
Goodman’s success in New Zealand.
“John, our former Chief Executive Officer is a proven leader, and his continuing role within
the wider Goodman Group provides a global perspective that is critical to maximising the
performance of the Trust.”
Keith Smith has restated his intention to retire as an Independent Director before his current
term expires in July 2025, while Phillip Pryke’s retirement is effective from 30 September
2023. As a result, the Board will move from seven Directors to six. GMT’s unitholders will
continue to be strongly represented by their four Independent Directors, with David Gibson
as Deputy Chair, Laurissa Cooney as Chair of the Audit Committee, Keith Smith and Leonie
Freeman. The significant interest of Goodman Group is represented by Greg Goodman and
John Dakin.
Keith Smith said, “Phil has been a highly valued member of the Board since 2004. First as
an Independent Director, then later as a Goodman Group nominee following his
appointment to the Goodman Group Board. His experience and commercial expertise have
helped shape the business, and he has played a significant part in its ongoing success. The
Directors and management team wish him all the very best with his future endeavours.”
Director biographies can be found online:
https://nz.goodman.com/about-goodman/board-of-directors
For more information please contact:
Keith Smith John Dakin
Independent Director Chair and Non-executive Director
Goodman (NZ) Limited Goodman (NZ) Limited
(021) 920 659 (021) 321 541

About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $3.0 billion, ranking it in the
top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space provider. It has a
substantial property portfolio, with a value of $4.8 billion at 31 March 2023. The Trust also holds an investment grade credit
rating of BBB from S&P Global Ratings.

The Manager of the Trust is Goodman (NZ) Limited, a subsidiary of the ASX listed Goodman Group. Goodman Group is a
A$80.7 billion specialist global manager of warehouse and logistics real estate.