Investore Property stock faces new chair after Mike Allen exit

Published on 11/11/2026 at 00:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Investore Property stock is preparing for a leadership transition after Mike Allen announced his planned departure. Two board changes are scheduled.

Investore prepares board transition

Mike Allen plans to leave the board after a decade of service, including as chair since the 2016 listing.
Grainne Troute is set to become chair, while Stephen Bull is slated to join the board and later lead the Audit and Risk Committee.
Bull's election will be put to shareholders at Investore's 2027 annual meeting.

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Investore Property is preparing a board transition after announcing on October 29, 2026, that long-serving chair Mike Allen intends to retire on December 31. The NZX announcement also names Gráinne Troute as his successor and Stephen Bull as a new independent director.

Chair succession takes shape

Allen has served on Investore's board for a decade and has been chair since the company's listing in 2016. Troute currently serves as an independent director and chairs the Audit and Risk Committee, giving the planned succession a strong continuity element.

Bull is scheduled to join the board on January 1, 2027. He is expected to join the Audit and Risk Committee when appointed and later take over as its chair after Troute moves into the top board role.

Shareholders face next decision

Bull's appointment follows a search process focused on property, finance and governance experience. The board has determined that he qualifies as independent under the NZX Listing Rules, but shareholders must still vote on his election at Investore's 2027 annual meeting.

The announcement says Bull has more than 25 years of experience across property, finance and community development in New Zealand and Australia. His past executive roles included senior positions at Westfield, AMP and Stockland, while his current directorships include Summerset Group Holdings.

Governance remains central

Investore's investor centre identifies Stride Investment Management Limited as the company's manager and provides its governance and shareholder materials. For investors, the announced handover puts board continuity and the incoming chair's oversight on the agenda ahead of the annual meeting.