Stephen Oakenfull appointed CEO of RDI

Mike Watters retires as CEO of RDI and hands over the reins to Stephen Oakenfull.

RDI REIT plc has announced that Stephen Oakenfull will succeed chief executive Mike Watters as he retires from RDI. Mike will also step down as an executive director and CEO during December 2020.

Stephen is a CFA charter holder and holds a BSc (Hons) in Construction Management. Before joining RDI, Stephen held roles with DTZ Corporate Finance and Turner & Townsend in real estate corporate finance and management consulting roles respectively. 

Stephen joined RDI in May 2007 and has held the role of deputy CEO since 2013. He has a broad range of experience within real estate and capital markets and has previously held the role of chief operating officer at RDI. 

Stephen joins the board on 5 November and as CEO, will retain his role as a member of the investment committee and will also replace Mike on the sustainability and social responsibility committee following his retirement in December 2020.

Mike said in a statement: “With substantial strategic progress having been achieved and the company in good shape, I feel now is the right time to step down and hand over the reins. I wish Stephen and RDI every success in taking the business forward.”

Stephen added:

“We have achieved a great deal of progress over recent months despite the challenging backdrop. There is plenty more to be done in delivering on the strategy and I am excited at the prospect of leading the business.”