Our job is to execute against our value creation strategy, says incoming Redefine Properties COO Leon Kok.
Redefine Properties has announced that its FD Leon Kok will transition from his current role to COO.
The transition will come into effect when current COO David Rice retires from the company on 31 August 2020.
Leon will continue in his current role until 1 September. The transition will also see him stepping down from the board of directors.
About his new role, Leon said that he is looking forward to working with the team and supporting and shaping the next stage of the company’s growth.
He added that:
“The biggest issue right now is the downshift in global markets from geopolitical issues and the impending elections in the US. The prospects of any rebound are being dampened by the unfortunate outbreak of the Coronavirus and should cast a long shadow over the local economy. We have a job to do and that is to execute against our value creation strategy.”
Redefine Properties CEO Andrew Konig said that Leon’s depth of business knowledge and industry experience makes him an outstanding choice to take over the COO’s role. “The appointment was strategic as it allows us to retain institutional experience and ensure a seamless handover to a trusted pair of hands with a deep understanding of Redefine’s strategic priorities.”
Konig added that, with the economy in a low growth trap and many market indicators at their lowest level in several years, Leon’s contribution in his new role should prove to be invaluable.
According to a statement, Redefine will commence with the recruitment process of a new FD in due course. Konig said filling the role of the FD is a strategic opportunity to further address diversity at the executive level.
“Leon has been an important voice on our leadership team over the years. Given his background, the board has full confidence that he will strategically balance the operational and financial needs of the business,” Konig concluded.