Markets & Investment News South Africa

Redefine COO David Rice set to retire in 2020

Redefine Properties has announced that its chief operating officer, David Rice, will retire on 31 August 2020, after more than a decade of service. Rice joined Redefine in 2009, becoming its COO in 2011.
Redefine COO David Rice set to retire in 2020
Redefine COO David Rice set to retire in 2020

His current responsibilities include all aspects of asset management and general administration of the property portfolio. Rice, a senior member of the executive team, has also been responsible for helping drive leasing and asset improvement goals for the company. Prior to this, he was the MD of ApexHi Properties Limited from 2006 until the merger of Redefine, ApexHi and Madison Property Fund Managers Holdings Limited.

“I have had the privilege of working alongside many incredibly talented people at Redefine, and I am proud of what we as a leadership team have accomplished together,” says Rice.

The announcement clears the path for the succession processes to unfold as well as allow Rice to hand over responsibilities once the new COO has been appointed.

“Over the past decade or so, David has been integral to Redefine’s success story. The board and the management team are grateful for his contributions and wish him well as he enjoys his retirement,” says Andrew Konig, CEO, Redefine Properties.

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