What leadership changes did Elanor Investors Group (ASX:ENN) announce?

Elanor Investors Group has appointed industry veteran David McNamara as its new Chief Executive Officer, effective 22 June 2026. He replaces interim Managing Director Tony Fehon, who will step down from his executive duties after a 21-month tenure to transition into a non-executive director role.

Who is the new Elanor Investors Group (ASX:ENN) CEO David McNamara?

David McNamara is an industry veteran with a 34-year career specializing in real estate investment, funds management, asset management, and capital transactions. He brings extensive experience working across both listed and wholesale property platforms.

Why did Tony Fehon step down as interim Managing Director of Elanor Investors Group (ASX:ENN)?

Tony Fehon completed his 21-month interim tenure after successfully stabilizing the company through a challenging operational period. During his leadership, he secured a vital balance sheet recapitalisation with Elanor's strategic alliance partner, Rockworth.

What will the executive transition process look like for Elanor Investors Group (ASX:ENN)?

The executive transition will take place over a structured six-month period following David McNamara's commencement on 22 June 2026. Outgoing interim head Tony Fehon will spend the first month focused purely on supporting the CEO transition.

What is the new corporate strategy for Elanor Investors Group (ASX:ENN) under the new CEO?

Under David McNamara, Elanor Investors Group will pivot toward a targeted, capital-led growth strategy focused on disciplined execution and increased investor engagement. The narrative shifts from stabilization and balance sheet repair to long-term value creation.

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Elanor Investors appoints David McNamara as CEO

Written by Brie CarterPublished Jun. 3 2026Last Updated Jun. 3 2026

Real estate funds manager Elanor Investors Group (ASX:ENN) has announced a leadership overhaul, appointing industry veteran David McNamara as its CEO, effective June 22.

McNamara joins the group following a distinguished 34-year career spanning real estate investment, asset management, and capital transactions across both listed and wholesale property platforms.

His appointment concludes a comprehensive executive search led by the board to find a leader equipped to spearhead Elanor's next strategic phase, which focuses on a targeted, capital-led growth strategy and long-term value creation.

Tony Fehon, who has served as interim Managing Director since September 2024, will step down from his executive duties.

Fehon is credited with successfully stabilising the company during a challenging 21-month tenure, securing a crucial balance sheet recapitalisation with strategic alliance partner Rockworth.

Over the next six months, Fehon will facilitate a smooth leadership handover before permanently resuming his position as a non-executive director, initially dedicating his time to CEO transition support and strategic growth initiatives.

In further board changes, Su Kiat Lim has stepped down from his position on the Elanor Board.

Elanor Chairman Ian Mackie expressed strong confidence in McNamara’s institutional capital markets credibility whilst praising Fehon’s "outstanding" contribution to steadying the ship under demanding conditions.