Great Gulf has appointed Ilias Konstantopoulos as the new CEO, succeeding Jerry Patava who will now chair the Great Gulf Strategic Advisory Board upon retiring as CEO after 13 years.

Konstantopoulos was recently chief financial officer at Granite Real Estate Investment Trust, where he was responsible for all aspects of finance and contributed to Granite’s strategy and transformation. He brings to the new role more than 30 years of experience in operations, corporate finance, mergers and acquisitions, capital markets and extensive real estate industry expertise. He was also a managing partner at Brookfield Financial and managing director at BMO Capital Markets.

Patava led the transformation and growth of the Great Gulf Group during his tenure. He will also continue as chair of Ashton Woods USA L.L.C., as a board member of Terra Firma Capital Corporation and will also provide oversight of some of the Group’s ancillary business investments.

“Ilias will be overseeing all aspects of the Great Gulf Group, reporting to the Great Gulf Strategic Advisory Board,” said Patava. “He will be continuing our efforts to expand our business and strengthen and enhance our business relationships in both Canada and the United States. He is an exceptional business leader and his wealth of experience will take the organization to the next level in line with the Board’s strategic plan.”

Great Gulf Group, including Great Gulf Homes, is an international low-rise and high-rise residential developer.