RDI REIT announced on Thursday that Mike Watters will be retiring from RDI and stepping down as an executive director and CEO during December 2020. Stephen Oakenfull who will succeed Mike Watters as Chief Executive, joins the Board today.
Oakgenfull joined RDI in May 2007 and has held the role of deputy CEO since 2013. He has a broad range of experience within real estate and capital markets and has previously held the role of Chief Operating Officer at RDI. Before joining RDI, he held roles with DTZ Corporate Finance and Turner & Townsend in real estate corporate finance and management consulting roles respectively.
As CEO, Watters will retain his role as a member of the Investment Committee and will also replace Mike Watters on the Sustainability and Social Responsibility Committee following his retirement in December 2020.
Gavin Tipper, Chairman, commented: ‘I would like to take this opportunity to thank Mike, who founded the business in 2006, for his hard work and dedication over the past 14 years. Mike leaves the business in good shape, with a streamlined, higher quality portfolio and a strong balance sheet.’