With his wealth of financial and business experience, Geoff Jennett has been appointed Chief Executive Officer of Emira Property Fund from 1 September 2015. Jennett will replace James Templeton as CEO of Emira.
Jennett, who joined Emira on 1 November 2014, is currently its Chief Financial Officer and an Executive Director of Emira.
A CA(SA) with over 20 years' experience in the financial markets, Jennett's career spans a progression of senior and leadership roles with performance-driven companies. He has gained significant business and financial experience, predominantly in the structured capital markets of investment banks.
Ben van der Ross, Chairman of the Emira Board of Directors, comments: "Geoff's skills in structuring and deal-making, as well as his strong financial and strategic understanding, make him well suited for the CEO role. In addition, Geoff benefits from the excellent existing knowledge of Emira."
The process to appoint a new chief financial officer is underway, and Emira confirmed an announcement in this regard can be expected in the near future.
Van der Ross adds: "The Emira Board acknowledges and thanks James for his dedication and contribution as CEO since July 2004. We wish him well in his future endeavours." Templeton announced his resignation in June 2015, to pursue personal interests outside of the listed property sector.
Emira is a JSE-listed SA REIT (real estate investment trust) invested in a quality diversified portfolio of office, retail and industrial properties. Its assets comprise 148 properties valued at R12.5 billion. Emira is also internationally diversified through its direct interest in ASX-listed Growthpoint Properties Australia (GOZ), valued over R700 million, with total assets now at R13.5 billion.