Goodman Property Trust announced that on 29 May 2023 that Keith Smith had stepped down as Chair. He was appointed by the Board as his successor, with Independent Director David Gibson appointed Deputy Chair. It was also announced that long-standing director Phillip Pryke was retiring, effective from 30 September 2023.

Keith continues as an Independent Director but has restated his intention to retire before his current term expires. The changes complete the current renewal programme and will result in the Board reducing in size, from seven Directors to six. A majority of Independent Directors is maintained.