Property group Mirvac has announced that Susan Lloyd-Hurwitz will commence as Managing Director and Chief Executive Officer on Monday 5 November 2012.

 

This is around six weeks earlier than indicated when chairman James McKenzie announced that Nick Collishaw, who has been in the position since August 2008, was stepping down.

 

Mx Lloyd-Hurwitz is currently Managing Director Europe at LaSalle Investment Management based in London and has previously held senior executive roles at Macquarie Group and Lend Lease.

 

The company's change in leadership surprised shareholders and analysts, particularly in the light of the company's announcement a week later of a higher-than-expected earnings guidance of 10.7c to 10.8c and distribution of 8.5c to 8.7c per share for 2012-13.