MacKenzie resigns from Mirvac

Former chairman James MacKenzie will resign in Jan after 8 years with group.

Non-executive director of Mirvac Group Ltd, James MacKenzie, will resign from his position in January 2014.

In a statement to the Australian Securities Exchange, Mirvac chairman John Mulcahy thanked Mr MacKenzie for his "significant contribution" over the past eight years.

"Since assuming the role of chairman in 2005 James has steered the group through some very challenging circumstances," he said.

"His leadership of the Board has been a key contributor to getting Mirvac to where it is today, with its strong management team, robust balance sheet and clear strategy.

"Mirvac is well positioned to enter into its next period of focused growth."

In September, Mr Mulcahy replaced Mr MacKenzie as chairman of the Mirvac board. It came after a tumultuous year for Mr MacKenzie, who came under fire from investors over a perceived lack of explanation of the board's decision to replace managing director Nick Collishaw with Susan Lloyd-Hurwitz.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles