Leadership Shuffle at Peet Raises Questions on Future Strategy
Peet Limited has appointed its long-serving CFO Brett Fullarton as Interim CEO effective immediately, ahead of the planned departure of CEO Brendan Gore on 1 July 2025. This move aims to ensure a smooth leadership transition while a permanent CEO search is underway.
- Brett Fullarton assumes Interim CEO role immediately
- Current CEO Brendan Gore to step down on 1 July 2025
- Mark Winkworth appointed Interim CFO
- Transition designed to allow focused handover period
- Details of Fullarton’s interim employment agreement pending
Leadership Transition at Peet Limited
Peet Limited, a prominent player in Australia’s property development sector, has announced a significant interim leadership change. Brett Fullarton, the company’s Chief Financial Officer since 2013, has stepped into the role of Interim CEO effective immediately. This appointment comes ahead of the scheduled departure of Managing Director and CEO Brendan Gore, who will officially step down on 1 July 2025.
The decision to have Fullarton assume CEO responsibilities early is strategic. According to Peet’s Chairman Greg Wall, this arrangement allows Gore to concentrate on specific handover tasks during the transition period, ensuring continuity and stability within the company’s executive leadership.
Interim CFO Appointment and Executive Search
In parallel with Fullarton’s new role, Mark Winkworth, a veteran of Peet with over 16 years of service, has been appointed as Interim CFO. This reshuffling underscores Peet’s commitment to maintaining operational steadiness while the board conducts an executive search for a permanent CEO.
Details regarding Fullarton’s employment terms as Interim CEO are yet to be disclosed, a typical step that investors will watch closely for insights into the company’s governance and remuneration approach during this transitional phase.
Implications for Peet’s Future
Leadership changes at the executive level often signal shifts in company strategy or culture. While this interim structure suggests a measured and orderly transition, stakeholders will be keen to see how the new leadership team navigates the evolving property market landscape. Fullarton’s deep financial expertise and long tenure at Peet may provide reassurance, but the appointment of a permanent CEO will ultimately define the company’s next chapter.
For investors and market watchers, the unfolding leadership story at Peet will be a key narrative to follow, especially as the company balances ongoing projects with broader market conditions.
Bottom Line?
Peet’s interim leadership shuffle sets the stage for a pivotal CEO appointment that could shape its strategic direction.
Questions in the middle?
- Who will be the permanent CEO and what is the timeline for their appointment?
- What are the terms and incentives of Brett Fullarton’s interim CEO contract?
- How will this leadership change impact Peet’s strategic priorities and market performance?
