Mark Steinert to leave Stockland

Stockland chief executive and managing director Mark Steinert is retiring.

He's leaving the country's largest listed developer after seven and a half years at the helm.

The former UBS analyst has been the company's chief executive since taking over from Matthew Quinn in 2013.

Stockland's chairman Tom Pockett said a "flexible period of transition has been agreed with Mark to provide for a smooth handover."

Pockett said Steinert made a great contribution to Stockland.

"[He] will continue to apply his passion and commitment to the delivery of our strategic priorities and our purpose of creating a better way to live during this transition period", Pockett added.

Steinert said his immediate priority is driving initiatives to take advantage of the COVID-19 recovery period.