Australia's GPT Group names new company head; Citi positive on appointment

GPT

25/09/2023 06:04

** Analysts at Citi view the appointment of managing
director and chief executive by Australia's GPT Group  GPT.AX 
as "positive"
    ** The real investment trust on Monday appointed peer
Charter Hall's  CHC.AX  former finance chief Russel Proutt as
its CEO and MD
    ** Shares rise 0.4% to A$3.98
    ** Brokerage says the appointment has been a topical
discussion among investors and might steer GPT towards a
management stability
    ** Says Russell is well known to the local Aussie market and
brings over 30 years of leadership experience in commercial
property markets
    ** Stock down 5.5% this year, as of last close 

    

 (Reporting by Roshan Thomas in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))