Property developer Stockland Group's managing director Matthew Quinn will retire in February 2013 after 11 years in the top job.
Stockland chairman Graham Bradley on Wednesday said Mr Quinn would continue to lead the business until a successor was appointed and the board would undertake a comprehensive internal and external search to select his replacement.
Stockland also said it expected to report earnings per security of 29.3 cents for fiscal 2012, which would be below the company's guidance in May.
This was due mainly to one-off restructuring costs which were expected to deliver efficiencies in fiscal 2013 and beyond, the company said.
