• Managing Director Darren Pateman to transition from executive role in August 2025
• Ronald Chan, current Chief Operations Officer, to take over as Chief Executive Officer
• Planned leadership transition ensures continuity in Finbar's strategic direction and growth

Finbar Group Limited (ASX: FRI) has announced a planned leadership transition as part of its long-term succession strategy. After an exceptional 30-year tenure, Managing Director Darren Pateman will transition away from his executive role, with Ronald Chan set to take over as Chief Executive Officer on 29 August 2025. Darren Pateman has played a key role in shaping Finbar since its public listing, beginning as an administrator, later becoming Company Secretary in 1996, and appointed the Company's Chief Executive in 2008. During his tenure, Finbar has grown into Western Australia's largest apartment developer, delivering some of Perth's most iconic residential projects and building a strong foundation for future growth. Ronald Chan, who joined Finbar in 2006 and has served as Chief Operations Officer since 2013, will step into the Chief Executive role, ensuring continuity in leadership and strategic direction. With the support of Finbar's long-established senior management team, Ronald will guide the company through its next phase of growth, continuing its market leading legacy of innovation and success.