Mirvac chair to resign: report

Mirvac Group chairman James MacKenzie is expected to announce his resignation when the firm announces its full-year results Friday, according to The Australian Financial Review.

The move would come barely a year after he survived a vote that would have removed him from the board and is the latest development in a volatile period for the company sparked by the removal of then-chief executive Nick Collishaw in August 2012.

Mr MacKenzie has been on a two-month sabbatical from the property group.

The AFR reported that the decision is believed to be tied more to personal reasons than company matters.