The Motley Fool

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.

Corporate management mix-ups can be messy, but dividends can offer stable profits for year to come. Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

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

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now