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Mirvac tries (again) with new CFO

Mirvac (ASX: MGR) announced Friday that it has appointed Shane Gannon as its new CFO, a role the company has had hiccups filling over the last year. After the company’s eight-year CFO Justin Mitchell left last July, its latest financial officer, Greg Dyer, departed in April after just eight months on the job.

Mirvac CEO Susan Lloyd Hurwitz seems confident about Mirvac’s latest pick, citing Gannon’s previous CFO positions and property sector experience as primary reasons for his “strong fit” for the role.

“With over 30 years experience as a finance professional, Shane has successfully managed corporate finance and capital management functions and has overseen extensive corporate restructuring and several corporate transactions,” said Lloyd Hurwitz in a statement. “His breadth of experience across sectors, his strong financial acumen and his demonstrated understanding of domestic and international financial markets will be of great value to Mirvac as we continue to execute on our strategy and deliver strong returns to security holders.”

For the past two years, Gannon has served as CFO for Goodman Fielder (ASX: GFF). Before that, he held the CFO position at CSR (ASX: CSR), and also worked in various financial positions at Lend Lease (ASX: LLC) for ten years.

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Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.

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