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The new appointee will take over from Darren Steinberg, who will be finishing his tenure as CEO and executive director in March next year.
Ross Du Vernet will be taking on the role, following on from an extended succession planning period for Dexus.
Warwick Negus, the chair of Dexus, announced the appointment on behalf of the board, stating that Mr Du Vernet’s appointment followed a global search for the group’s next leader.
He said: “[The board] is confident that alongside our highly regarded executive leadership team, Ross will succeed in leading Dexus through its next phase of growth.”
“During his time at Dexus, Ross has made a significant contribution to the delivery of our strategy and repositioning the company as a leading Australasian real assets manager. The combination of his deep property investment expertise, track record of setting and delivering on strategy, and his knowledge of the Dexus business makes Ross the ideal successor,” Mr Negus continued.
For Mr Du Vernet himself, “it is a privilege to be appointed to the role of CEO”.
“Dexus is at an exciting stage in its evolution, with strong foundations and a unique set of capabilities in the platform,” he stated.
“Darren is handing over Dexus in a strong position and I am committed to working with our clients, the board and wider Dexus team as we deliver long-term value for investors and work towards our vision of being globally recognised as Australasia’s leading real asset manager.”
For the outgoing CEO, it’s “been an honour” to have held the chief executive role.
“Dexus has a strong team of experienced and high performing people, and I will miss working with them every day. One of my proudest achievements is building a talented team of people who I have seen flourish at Dexus,” Mr Steinberg stated.
“I would like to congratulate Ross on his appointment as CEO. With Dexus positioned as a leading Australasian real asset manager, I am confident in the future under Ross’ leadership.”
In conclusion, Mr Negus thanked Mr Steinberg for his leadership over a 12-year period, noting he “has been instrumental in growing Dexus’ total funds under management from $12.9 billion to $61 billion, while at the same time enhancing portfolio quality and diversifying the platform including into new sectors such as healthcare, opportunistic and infrastructure”.
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