Desane Group Holdings has appointed a new Chairman, with Desane Group Holdings Limited (ASX: DGH) advising that Prof. John Sheehan AM retired as Chairman and Director effective 5 November 2026. Non-executive Director Mr Peter Krejci has been appointed Chairman from the same date.
The handover follows the “Planned Chairmanship Succession” ASX announcement of 24 July 2026, so the change was previously flagged. A planned transition with an existing Board member taking the chair points to continuity of governance.
The July succession announcement also noted that no immediate changes to the Board or its committees were planned, and that further detail would follow in the Notice of Meeting and the 2026 Annual Report.
- Effective date: 5 November 2026
- Outgoing: Prof. John Sheehan AM, Chairman and Director
- Incoming: Mr Peter Krejci, previously Non-executive Director
- Prior notice: 24 July 2026 announcement
Nearly four decades of leadership comes to an end
Prof. Sheehan’s tenure
Prof. Sheehan served as a Director of Desane since 1987 and as Chairman since 1992. A tenure of this length signals long-term stability at the top of the company.
| Role | Since |
|---|---|
| Director | 1987 |
| Chairman | 1992 |
Acknowledging his contribution, Desane’s CEO said:
Mr Rick Montrone, CEO
“John has made an outstanding contribution to Desane over almost four decades, providing stability, sound judgment and leadership throughout the Company’s development…”
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Peter Krejci steps up with experience on the Board since 2019
Mr Krejci has served on Desane’s Board since 2019 and takes the chair effective immediately.
Commenting on the appointment, Mr Montrone said:
Mr Rick Montrone, CEO
“…Peter’s experience and understanding of Desane will provide continuity as we progress our development projects, manage our investment portfolio and pursue opportunities to deliver long-term value for shareholders.”
The CEO named three focus areas:
- Progressing development projects
- Managing the investment portfolio
- Pursuing opportunities to deliver long-term value for shareholders
What board succession means for investors
A Chairman leads the Board and oversees governance. The role also acts as the link between the Board, management and shareholders.
A change in chair matters to investors because leadership stability can influence confidence in a company’s strategy and oversight. In Desane’s case, the change was planned and the incoming Chairman is an existing Board member.
Desane Group Holdings Limited is a leading property investment and development company, based in Sydney, Australia.
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