Sydney-listed Valad Property Group has appointed Clem Salwin as acting CEO with immediate effect. The appointment follows the receipt of an indicative, incomplete offer in mid-December for Valad's European business from a consortium of Valad management personnel, including managing director Peter Hurley. As a result of his involvement in the MBO proposal, Hurley has, by agreement, taken a leave of absence and is currently utilising his entitlements to annual leave.
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