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TONY HOWARTH AO
AGE: 64
CITWA, Hon.LLD (UWA), SF Fin, FAICD,
Non-executive director
Member of the Audit and Risk Committee
Member of the Remuneration and Nomination
Committee
Joined the board in October 2012. Tony is a life Fellow
of the Financial Services Institution ofAustralia and has
over 30 years’ experience in the banking and finance
industry. He has held several senior management
positions during his career, including Managing Director
of Challenge Bank Limited and Chief Executive Officer of
Hartleys Limited. He is a director ofWesfarmers Limited,
having been appointed to that board in July 2007. He
is also Chairman ofASX listed MMAOffshore Limited
(formerly called Mermaid Marine Australia Limited).
Tony is Chairman of St John of God Healthcare Inc, a
Director ofAlinta Holdings and a Fellow ofAICD. He
is Adjunct Professor (Financial Management) at the
University ofWestern Australia Business School. Tony
is also involved in a number of community and business
organisations including membership of the Rio Tinto
Community Investment Fund and the University of
Western Australia Business SchoolAdvisory Board and
Chairman ofWest Australian Rugby Union Inc.
MICHAEL STEUR
AGE : 57
FAPI, FRICS, FPINZ, MAICD
Non-executive external director
Member of the Audit and Risk Committee
Memberof the Remuneration and Nomination Committee
Joined the Board in February, 2015. Michael, an
experiencedvaluerby background, has over30 years
generalproperty services experience covering allproperty
types (including hotels, shopping centres and large format
retailvaluation and advisory), primarily in NewZealand
andAustralia, andmore recently inAsia, including Hong
Kong, China,Japan, Malaysia and Singapore. Between
1988 and 2009, hewas a directorof Richard Ellis Ltd
NewZealand (nowCBRE). Hemoved to Sydney in 2001
to take controlof CBRE’sAustralian and NewZealand
valuation and advisory business.Aswellas property
advisory, his experience at CBRE included strategic
planning, business acquisitions, financialmanagement,
risk and compliancemanagement and technology
development. In 2009, hewas appointed Executive
Managing Director to head CBRE’sAsia PacificValuation
andAdvisory services business. He retired from this role in
June 2014 to pursue non-executive Board opportunities.
Michael has been a non-executive director of the New
Zealand listed Kiwi Property Group Limited since 2010
and was appointed a director of the DexusWholesale
Property Fund in August 2015.
MICHAEL WEDGWOOD
AGE: 53
B.Com, MSc (Finance), GAICD
Managing Director
Appointed to the Board as Managing Director in
February 2014.
Since joiningWesfarmers Limited in 1995 Michael
has held a number of senior executive roles across the
Wesfarmers Group including appointments as General
Manager Finance of Wesfarmers Limited for a period
of five years, and also as the Chief Financial Officer of
Bunnings Group Limited for a period of nine years. Prior
to joining the Trust, he held the role of Executive General
Manager, Business Improvement for theWesfarmers
Group. Before joiningWesfarmers, he held finance roles
with the HSBC Group in Perth, Hong Kong and Sydney.
BOARD OF DIRECTORS
ERICH FRAUNSCHIEL
AGE: 70
BCom (Hons), FCPA, FAICD
Chairman, Non-executive external director
Member of the Audit and Risk Committee
Chairman of the Remuneration and Nomination
Committee
Joined the Board in February 2015 and was
appointed Chairman in December 2015. A professional
non-executive director since 2002, Erich has held
board positions with a number of listed and unlisted
companies. He is currently a director of WorleyParsons
Limited, a global engineering, project management and
advisory company.
Past directorships includeWoodside Petroleum Limited,
Wesfarmers General Insurance Limited, Rabobank
Australia Limited, Rabobank NewZealand Limited, West
Australian Newspapers Holdings Limited and Foodland
Associated Limited.
Until his retirement in 2002, Erich was a senior
executive of Wesfarmers Limited, including Executive
Director and Chief Financial Officer. Prior to this he was
involved in investment banking, project lending and
venture capital investment.
FIONA HARRIS
AGE: 55
BCom, FCA, FAICD
Non-executive external director
Chairman of the Audit and Risk Committee
Memberof the Remuneration and Nomination Committee
Joined the board in October 2012. A professional non-
executive director for more than 20 years, Fiona has
held board positions for over 25 companies, is a former
member of the national board and a formerWA State
President of the Australian Institute of Company Directors.
Fiona is currently Chairman of Barrington Consulting
Group Pty Ltd, director ofASX Listed company Infigen
Energy Limited Group and Director of private company
Perron Group Limited.
Past listed company directorships held in the last
three years include Oil Search Limited, Toro Energy
Limited, Sundance Resources Limited and Aurora Oil
& Gas Limited.
Fiona was previously a partner at Chartered
Accountants, KPMG, specialising in financial services
and superannuation, capital raising, due diligence, IPO’s,
capital structuring of transactions and litigation support.
She retired fromKPMG in December 1994.
RICK HIGGINS
AGE: 70
FAPI
Non-executive external director
Member of the Audit and Risk Committee
Member of the Remuneration and Nomination
Committee
Joined the board in December 2007. Rick is a
property professional with over 45 years’ experience,
having provided valuations and consultancy advice to
a range of large institutional clients relating to a broad
range of properties, including homemaker and bulky
goods centres.
Before joining the board, Rick was the National Director,
Business Development for Colliers International
Consultancy & Valuation and, prior to this, he was
employed by Jones LangWootton for 30 years as a
National Director (formerly proprietor) responsible for
the national valuation and consultancy division.
He is also a non-executive director of Charter Hall
Direct Property Management Limited, a subsidiary
of Charter Hall Group and the responsible entity for
a number of unlisted retail funds that invest in office,
industrial and retail properties.
BWP Trust Annual Report 2016
25
Governance