Business
After the purge Cromwell finally gets a new $1 million boss
After a purge of its board and management, Brisbane property group Cromwell has finally appointed its $1 million-plus a year chief executive.
Business
After a purge of its board and management, Brisbane property group Cromwell has finally appointed its $1 million-plus a year chief executive.
Business
Gary Weiss has taken over as chair of the Cromwell board, completing a massive shakeup of the company’s management.
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Brisbane property fund Cromwell has signalled the end of managing director and founder Paul Weightman’s role with the company after 20 years.
Brisbane’s Cromwell Property has been hit with a boardroom coup that took out its chairman Leon Blitz after its biggest shareholder ARA used its bloc to get control.
Hopes that the ARA proportional and hostile takeover would calm down and become more “collegiate” have been dashed as Brisbane-based property company Cromwell hit out at claims its profit reporting was faulty and a key adviser said there were no meaningful alternative strategies from the bidder.
Australian businessman Gary Weiss has raised questions over the Cromwell’s financial reporting as the two sides continue to contest ARA’s proportional takeover of the $2.6 billion Brisbane real estate company.