Jim Hazel, the Chair of ASX listed Ingenia Communities, this morning announced that John Carfi (pictured) will take over the role of CEO from Simon Owen, effective 1 April.
Simon formed Ingenia in 2012, then valued at $30M, and built it to its value today at $1.8B, with one of the largest land banks for future land lease development, plus the second largest rental village portfolio and significant tourism park businesses. He gave his resignation notice in November.
John Carfi brings significant property and development experience to Ingenia. He commenced his career with Lendlease, followed by 15 years in CEO positions with Mirvac, including complete responsibility for its residential development, followed by the appointment as CEO of Emaar Properties Dubai with US$120B in development. Most recently he has been CEO and adviser to Aqualand, with $18B in development projects, including Central Barangaroo.
Jim Hazel says of the appointment: “Our search targeted real estate executives experienced in delivering shareholder value through growth and operational delivery”.
“Key criteria included taking a business to scale with a focus on development and customer experience, a track record in development operating capabilities, delivering synergies across the portfolio and scale benefits, and disciplined allocation of capital”.
Simon will step back from daily operational activities in February.
