A new CEO and managing director for Stockland has been appointed and will join the company mid-January 2013.

Mark Steinert will succeed Matthew Quinn who has been managing director since 2000.

“The Stockland Board is delighted to welcome Mark as our new Managing Director and CEO. Mark has a track record of successfully managing large business operations, an extensive background in the property sector and a strong reputation among property investors,” Stockland chairman Graham Bradley said.

Following Quinn’s decision to retire as managing director, the Board undertook a comprehensive internal and external global search to select his successor.

Bradley said the Board considered a high calibre field of candidates across a range of industries.

“It was the Board’s unanimous decision that Mark has the best mix of skills and attributes to take Stockland forward,” he said.