Vicinity Centres announced that, after eleven years of distinguished service, independent non-executive Chairman, Trevor Gerber, intends to retire from Vicinity's Board at the 2026 Annual General Meeting (`AGM'), on 28 October 2026. The Board has appointed Patrick Allaway as a Non-executive Director and Chairman-elect, effective 15 June 2026. Mr. Allaway will succeed Mr. Gerber as Chairman at the conclusion of the AGM, subject to his election as a director by securityholders.
Mr Gerber was appointed to the Vicinity Board in June 2015 and became Chairman in 2019. During Mr. Gerber's tenure, Vicinity navigated the complexities of the COVID-19 pandemic and more recently, Mr. Gerber has overseen the execution of a disciplined, multi-year investment strategy involving active repositioning of Vicinity's portfolio toward premium, fortress-style retail assets that deliver superior and sustained income and value growth through cycles. Mr. Allaway brings over 30 years of experience in financial markets, capital markets, institutional banking and corporate advisory, together with more than 15 years of non-executive director experience. Mr. Allaway holds a Bachelor of Arts and Bachelor of Laws, from the University of Sydney. Mr. Allaway is currently a member of the Adobe International Advisory Board, having previously served as Chairman of Bank of Queensland, and as a non-executive director of Allianz Australia, Dexus Funds Management Limited, Macquarie Goodman Industrial Trust, Metcash Limited, Fairfax Media, David Jones, Country Road Group, Woolworths South Africa and Nine Entertainment Co.