ISPT appoints new CEO
Chris Chapple (pictured, top) will replace Daryl Browning as ISPT chief executive officer at an as-yet-undisclosed date, expected to be next quarter.
The incoming head will move from 151 Property Group – formerly known as Valad Property Group, which manages Blackstone’s Australian and New Zealand assets – which he has led since 2016.
Prior to that, the executive held positions at Charter Hall, JLL and Multiplex across development, asset management and fund management divisions.
“We conducted an extensive global search process to find the right person to take our organisation forward and Chris has both the industry experience and the leadership qualities we were seeking,” ISPT chair, Rosemary Hartnett, said.
“As well as his broad experience, the board was especially impressed by how, throughout his career, Chris has built, transformed and grown businesses that have provided excellent returns for investors and shareholders,” she added (story continues below).
“We are confident Chris will bring this energy and drive to ISPT, engage our stakeholders and lead our employees to deliver on our ambitious growth plans and commitment to ESG,” according to the executive.
Mr Browning announced in February he would retire as CEO after 17 years.
Mr Chapple’s appointment is the latest changing-of-the-guard for a commercial property heavyweight, coming off Tarun Gupta filling Mark Steinert’s position at Stockland in late 2020, Lendlease replacing Steve McCann with Tony Lombardo as group CEO 15 months ago and Kylie Rampa taking over as QIC head from Damien Frawley last November.
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