Villa World beefs up executive team with new COO
GOLD Coast developer Villa World has promoted operations manager Michael Vinodolac to the executive team.
Mr Vinodolac, who has been with the company since 2007, has been made chief operating officer.
Villa World managing director and chief executive officer Craig Treasure said Mr Vinodolac has played a key role growing the business across the east coast market and has a proven track record with the company.
“He has a very strong commercial acumen and knows what it takes to execute successful projects and drive our financial and business strategy,” he said.
“I look forward to continuing to work closely with Michael as the company ramps up delivery of flagship projects in Queensland and Victoria.”
Villa World is on track to deliver full-year profit growth of at least 10 per cent, after announcing a $17.3 million net profit for the half-year to December 31.
Mr Vinodolac said continued sales growth in Queensland and a strong carryforward position would contribute to the company’s ongoing success.
“As a Queenslander who began in the construction business as an apprentice carpenter working for my father, I value the strong relationships Villa World has with our staff and subcontractors,” Mr Vinodolac said.
“These relationships have been a keystone to Villa World’s success.”
After several years working on building sites, Mr Vinodolac took on a finance and legal career which brought him into the commercial property space, and then to Villa World as an acquisitions manager.
He has also worked as development manager, national acquisitions manager, leader of the company’s land stocking program and state manager for Victoria and then Queensland.