Wednesday, April 17, 2024

Dakin leaves GMT after 18 years

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John Dakin is stepping down as chief executive officer Goodman Property Trust.

Goodman (NZ) chief executive officer (CEO) John Dakin is stepping down at the end of the year after 18 years in the role.

Goodman (NZ) is the manager of Goodman Property Trust (GMT), a stock exchange-listed unit trust which owns Highbrook Business Park.

Dakin remains a Goodman executive and will continue on the board as an executive director.

James Spence, director of investment management for GMT, has been appointed CEO, effective from January 1.

Spence has more than 16 years of corporate, property and funds management experience in Europe and New Zealand.

He has spent the last five years in New Zealand leading the property services team and implementing GMT’s successful business strategy alongside Dakin, the board and the Goodman executive team.

Keith Smith, chair and independent director, said, “John has been an outstanding leader, growing and repositioning the trust to make it the $4.8 billion business it is today.

“With an urban logistics portfolio of unrivalled scale and quality, he has established GMT as New Zealand’s leading real estate investment entity.

“The Independent Directors have endorsed James’ appointment and are confident that he will continue the strong leadership and vision that differentiates GMT.”

Greg Goodman, Goodman Group’s global chief executive officer said, “John has created a valuable legacy. His business acumen, inclusive management style and industry leadership, have all been important contributors to GMT’s success over the years.”

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