Cromwell appoints Callaghan as CEO

Cromwell Property Group has appointed Jonathan Callaghan as its new chief executive officer.

Callaghan, who will start later this year, recently announced his departure from Investa Property Group. He has been CEO of the organisation since 2016. During his time he was also managing director and finance director.

Callaghan started his career as a solicitor and held roles with Corrs Chambers Westgarth and Gilbert + Tobin. He joined Investa in 2006 as group executive for corporate development and general counsel.

"After an exhaustive search, we are delighted to appoint such an outstanding and highly respected industry leader in Jonathan Callaghan as Cromwell's CEO," said chair Gary Weiss. "The Board has full confidence that Jonathan's strategic and operational management capabilities are the right fit to grow Cromwell's position as a leading property investment and funds management company.

"Jonathan's track record in creating value for investors at Investa was industry-leading," said Weiss. "His strong property funds management experience, coupled with his proven ability to source and deploy capital, will be critical to Cromwell's strategy of accelerating growth in its funds management business."

Outside of his executive roles, Callaghan has been a director with the Responsible Investment Association Australia and a board member with the Property Council of Australia.

Callaghan said it was an honour to join Cromwell. "There is enormous potential at Cromwell and I look forward to working with Gary, the Board, and the Cromwell team to unlock value across the company's direct property investment portfolio and to grow Cromwell's funds management business."

Callaghan replaces Michael Wilde, who has been acting CEO during the process. He returns to his position of chief financial officer.