Stockland Appoints New Chief Financial Officer
Announced by: SGP
Announced on: 02/11/2009 09:29:00
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2 November 2009
ASX/Media Release
STOCKLAND APPOINTS NEW CHIEF FINANCIAL OFFICER
Stockland today announced the appointment of Tim Foster as Chief Financial Officer
(CFO).
The appointment follows the impending retirement of Stockland's CFO and Finance
Director, Hugh Thorburn, as announced at the Annual General Meeting.
Managing Director Matthew Quinn said he was pleased to have identified such a
strong successor to Mr Thorburn.
"Tim is an experienced CFO and I look forward to him joining our executive team," Mr
Quinn said.
Mr Foster has over 25 years experience, with extensive financial markets, property
and investment management expertise. An executive biography is attached.
Mr Foster will commence with Stockland on 8 February 2010 and Mr Thorburn will
retire at the end of February 2010, facilitating a smooth transition.
"Hugh has played a pivotal role at Stockland and I would like to thank him for his
significant contribution over the past six years. We wish him every success in his
future endeavours," Mr Quinn said.
For media enquiries contact
Karyn Munsie
EGM Corporate Affairs
Stockland
T +61 (0)2 9035 2180
M +61 (0)421 050 430
Katie Lennon
Media Relations Manager
Stockland
T +61 (0)2 9035 2552
M +61 (0)406 316 907
For investor enquiries contact
Karyn Munsie
EGM Corporate Affairs
Stockland
T +61 (0)2 9035 2180
M +61 (0)421 050 430
Linda Assatoury
Senior Manager Investor Relations
Stockland
T +61 (0)2 9035 2553
M +61 (0)402 283 769
Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741
AFSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.
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EXECUTIVE BIOGRAPHY
Tim Foster
Chief Financial Officer
Tim Foster joins Stockland with 25 years of financial experience, including 15 years in
the financial services industry. For the past 10 years he has held CFO roles in three
major organisations including Colonial First State Investments, Challenger Financial
Services and HBOS Australia.
In his most recent role at HBOS Australia, Mr Foster led the Corporate Services
Division, managing over 400 people across five divisions including Finance, Legal,
Program Management Office, Shared Services and Strategy. He was also the
Chairman of the HBOSA Assets & Liabilities Committee and the HBOSA Learning
Council.
With significant exposure to the property sector throughout his career, he was a
Director of Colonial First State's property trust and managed the property accounting
team for the trust.
Mr Foster commenced his career with a major global accounting firm in the UK.
He has a Dual Honours degree in Economics, Accounting and Financial Management
from Sheffield University and is a Fellow of the Institute of Chartered Accountants in
England and Wales.
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