Stockland nabs Transfield CFO

Tiernan O’Rourke to replace Tim Foster as chief financial officer in October as new Stockland CEO pushes management shake-up.

Stockland Ltd has poached Transfield Services Ltd chief financial officer Tiernan O’Rourke, who will start in the same role in October.

Mr O’Rourke, who is also chief executive of Transfield's Middle East and Asia region, replaces Stockland's incumbent CFO Tim Foster.

It comes as new Stockland chief executive Mark Steinert continues to push a company restructure and management shake-up.

Mr O’Rourke has more than 20 years of experience in senior financial, commercial and planning roles.

Mr O’Rourke was previously CFO of Australand Holdings Ltd, and has also held senior finance positions at AGL, Westfield, CSR and Brambles.

As part of the shake-up, Mr Steinert appointed managing director of Bank of America Merrill Lynch's real estate investment banking group, Simon Shakesheff to the new position of group executive strategy and stakeholder relations. Mr Shakesheff starts at Stockland in mid-August.