The Johannesburg Stock Exchange-listed Real Estate Investment Trust, Redefine Properties, has announced a significant internal senior-level transition as it appoints a new Chief Operating Officer (COO).
Current Financial Director (FD) Leon Kok will transition from his role to become the new COO once the incumbent David Rice retires on August 31st.
Commenting on the appointment, Andrew Konig, CEO, Redefine Properties says, “Leon’s depth of business knowledge and industry experience makes him an outstanding choice to take over the COO’s role. Given the environment in which we are operating, Leon is the right person at the right time to succeed David.”
“The appointment was strategic as it allows us to retain institutional experience and ensure a seamless handover to a trusted pair of hands with a deep understanding of Redefine’s strategic priorities.”
“With the economy in a low growth trap and many market indicators at their lowest level in several years, his contribution in his new role should prove to be invaluable as we stay on course to fulfil our commitment to building a quality, diversified portfolio to ensure sustained value creation for all our stakeholders.”
In the interim, Leon will continue his current role, responsible for all aspects of finance, legal, IT, HR and regulatory compliance. Upon transitioning into his new role, Leon will be responsible for all aspects of asset and property management and general administration of the property portfolio.
Featured Image: Leon Kok