Ross Du Vernet appointed as Dexus CEO

11 December 2023

Ross Du Vernet appointed as Dexus CEO effective March 2024

Dexus announces the appointment of Ross Du Vernet as the next Chief Executive Officer (CEO) and Executive Director of Dexus.

Ross will take up the CEO appointment in March 2024. Darren Steinberg will continue as Dexus CEO until that time and will work closely with the Board and Ross to ensure a smooth transition.

Dexus Chair, Warwick Negus said: “On behalf of the Board we are delighted to appoint Ross as the next CEO of Dexus. The Board has spent much of 2023 planning for succession, which also included executing a global search, and is confident that alongside our highly regarded Executive Leadership Team, Ross will succeed in leading Dexus through its next phase of growth.

“During his time at Dexus, Ross has made a significant contribution to the delivery of our strategy and repositioning the company as a leading Australasian real assets manager. The combination of his deep property investment expertise, track record of setting and delivering on strategy and his knowledge of the Dexus business makes Ross the ideal successor.

“I would again like to thank Darren for his leadership over the past 12 years. Since joining Dexus in 2012, Darren has been instrumental in growing Dexus’s total funds under management from $12.9 billion to $61.0 billion, while at the same time enhancing portfolio quality and diversifying the platform including into new sectors such as healthcare, opportunistic and infrastructure.”

Dexus CEO, Darren Steinberg said: “Dexus has a strong team of experienced and high performing people, and I will miss working with them every day. One of my proudest achievements is building a talented team of people who I have seen flourish at Dexus. It has been an honour to have been the CEO of Dexus and I would like to congratulate Ross on his appointment as CEO. With Dexus positioned as a leading Australasian real asset manager, I am confident in the future under Ross’ leadership.”

Ross Du Vernet said: “It is a privilege to be appointed to the role of CEO. Dexus is at an exciting stage in its evolution, with strong foundations and a unique set of capabilities in the platform. Darren is handing over Dexus in a strong position and I am committed to working with our clients, the Board and wider Dexus team as we deliver long-term value for investors and work towards our vision of being globally recognised as Australasia’s leading real asset manager.”

Refer to Appendix A for a summary of material terms and conditions of employment for Ross Du Vernet.

Ross has been a member of the Executive Leadership Team since he joined Dexus in 2012 and currently serves as Chief Investment Officer at Dexus. He has more than 20 years of extensive experience in the property industry with a background in corporate transactions, strategy, development and funds management in Australia and abroad.